Ignite (ASX: IGN) has reported a statutory profit of $615,000 for the half-year ended 31 December 2024, representing a 189% increase compared to the previous corresponding period. The result comes despite a 7% decline in revenue to $46.8 million.
The company’s gross profit fell 1% to $5.9 million, though its gross profit margin improved from 11.8% to 12.6%. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 45% to $724,000. Ignite reported $3.5 million in cash at the end of the period and remains debt-free.
The Board has declared a fully franked interim dividend of 3.5 cents per share, payable on 21 March 2025 to shareholders registered by 28 February 2025.
Executive Director Cameron Judson said, “It is very pleasing to report a statutory profit of $615,000, up 189%, and EBITDA of $724,000, up 45% for the period. Our focus continues to be on understanding, measuring, and rewarding our people for their productivity, performance, and contribution to profit.”
