bk1
Follow the money
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GTK - Gentrack Group
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bk1
Follow the money
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Dona Ferentes
Did the Thessalonians write back?
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And a nice 12 per cent pop on results
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Results Summary
• Revenue: $102m – up 21% on H1’23 and up 58% when excluding $19.7m of one-off revenues in prior period from insolvent customers.
• EBITDA: $12.3m and tracking well against our FY24 guidance. H1’23 EBITDA of $16m included one-off high margin revenue from insolvent customers.
• Statutory NPAT: $5.3m profit v $7.9m in H1’23
• Cash: $39.3m after investing $12.9m in Amber during period v $41.9m at H1’23
Across the first half of the financial year, Gentrack has again delivered strong revenue growth, with even stronger underlying growth when allowing for one-off revenues from last year. Growth is driven by recent and in-year new customers as well as upsells and upgrades for existing customers. In Utilities we have seen growth in all our core markets, (New Zealand, Australia, and the UK), and this financial year we have added Saudi Arabia as a source of growth.
Veovo expanded its coverage of major airports with new wins in existing markets such as the UK and the Middle East.
.
Results Summary
• Revenue: $102m – up 21% on H1’23 and up 58% when excluding $19.7m of one-off revenues in prior period from insolvent customers.
• EBITDA: $12.3m and tracking well against our FY24 guidance. H1’23 EBITDA of $16m included one-off high margin revenue from insolvent customers.
• Statutory NPAT: $5.3m profit v $7.9m in H1’23
• Cash: $39.3m after investing $12.9m in Amber during period v $41.9m at H1’23
Across the first half of the financial year, Gentrack has again delivered strong revenue growth, with even stronger underlying growth when allowing for one-off revenues from last year. Growth is driven by recent and in-year new customers as well as upsells and upgrades for existing customers. In Utilities we have seen growth in all our core markets, (New Zealand, Australia, and the UK), and this financial year we have added Saudi Arabia as a source of growth.
Veovo expanded its coverage of major airports with new wins in existing markets such as the UK and the Middle East.
Dona Ferentes
Did the Thessalonians write back?
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above $11, up 20 percent
closing in on $1B market cap
Results Summary
• Revenue: $213.2m: up 25.5% v FY23 and up 50% when excluding $27.6m of one-off revenues in FY23 from insolvent customers.
• EBITDA: $23.6m v $23.2m in FY23 (FY24 impacted by a $7.1m charge against payroll costs on the Group’s LTI schemes due to the significant growth in our share price and the accelerated amortisation of these costs).
• Statutory NPAT: $9.5m v $10.0m in FY23
• Cash: $66.7m: $17.5m increase in the year after $12.9m Amber investment in H1’24.
• No Dividend payable
Outlook
We remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.
In FY25, we expect both Utilities and Veovo to show continued revenue growth and EBITDA improvement, the extent of which will depend on when business opportunities close in the year. We will look to provide further guidance on FY25 outlook later in the financial year.
closing in on $1B market cap
Results Summary
• Revenue: $213.2m: up 25.5% v FY23 and up 50% when excluding $27.6m of one-off revenues in FY23 from insolvent customers.
• EBITDA: $23.6m v $23.2m in FY23 (FY24 impacted by a $7.1m charge against payroll costs on the Group’s LTI schemes due to the significant growth in our share price and the accelerated amortisation of these costs).
• Statutory NPAT: $9.5m v $10.0m in FY23
• Cash: $66.7m: $17.5m increase in the year after $12.9m Amber investment in H1’24.
• No Dividend payable
Outlook
We remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.
In FY25, we expect both Utilities and Veovo to show continued revenue growth and EBITDA improvement, the extent of which will depend on when business opportunities close in the year. We will look to provide further guidance on FY25 outlook later in the financial year.
Dona Ferentes
Did the Thessalonians write back?
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$11.16
Results for the half-year to 31 March 2025.
• Revenue: $112m – up 9.8% on H1 24, with the Group’s recurring revenues 16.7% higher at $76.4m.
• EBITDA: $13m – up 5.1% on H1 24 as we invest more in sales and g2.0. For the full year we expect EBITDA to grow faster than revenue.
• Statutory NPAT: $7.2m profit – up 34.7% on H1 24.
• Cash: $70.7m v $39.3m at H1 24 and $4m higher since the start of the year.
FY25 Outlook
For FY25, we expect revenue to be at or above $230m and our EBITDA margin to be above 12%.
This is a year of transition as we expand into Asia, the Middle East and Europe, building on early wins and a maturing pipeline.
With our global leadership ambitions, our proven track record and the market potential, we remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.
Results for the half-year to 31 March 2025.
• Revenue: $112m – up 9.8% on H1 24, with the Group’s recurring revenues 16.7% higher at $76.4m.
• EBITDA: $13m – up 5.1% on H1 24 as we invest more in sales and g2.0. For the full year we expect EBITDA to grow faster than revenue.
• Statutory NPAT: $7.2m profit – up 34.7% on H1 24.
• Cash: $70.7m v $39.3m at H1 24 and $4m higher since the start of the year.
FY25 Outlook
For FY25, we expect revenue to be at or above $230m and our EBITDA margin to be above 12%.
This is a year of transition as we expand into Asia, the Middle East and Europe, building on early wins and a maturing pipeline.
With our global leadership ambitions, our proven track record and the market potential, we remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs.
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WTH?
Why is such a low ROE stock for five years and which last paid a dividend in 2019 commanding a price to book multipke of 6 times?
What is the big attraction?
Not Held
Why is such a low ROE stock for five years and which last paid a dividend in 2019 commanding a price to book multipke of 6 times?
What is the big attraction?
Not Held
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exposure to infrastructure , IT to airports , utilities etc etc
but can't whine too much
i had two very nice rides on this
bought in August 2014 @ $1.97 sold half in May 2017 ,
bought more in March 2020 @ 97.5 cents and sold ( completely ) in February 2024 @ $6.26
when i could see air travel was systematically weakened and extra regulations hampering public utilities
and as @finicky mentioned divs. seem to have disappeared for an extended period
am only guessing on this but i suspect the support is from various 'infrastructure funds ' ( LICs and ETFs )
Dona Ferentes
Did the Thessalonians write back?
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$10.71
Gentrack supports Amber fund-raise to accelerate global expansion of smart energy tech
Gentrack Group Limited (NZX/ASX : GTK) has entered into a contract to make a further investment of AUD4.5m in Amber (https://www.amber.com.au/) as part of an AUD45m funding round.
In February 2024, Amber and Gentrack announced a strategic partnership, with Gentrack investing AUD12m in Amber as part of a Series C funding round. Gentrack and Amber’s partnership positions both businesses to together meet the rising global demand for customer-centric, smart energy services. Amber’s strategy includes licensing its technology through Gentrack’s global network of utility customers, offering bundled solutions that combine Gentrack’s billing and CRM systems with Amber’s automation software.
About Amber
Amber is an Australian technology company and electricity retailer with a mission to shift the world to 100% renewables. Amber gives customers access to the real-time dynamic electricity prices and the technology to automate their home batteries and EVs to use more cheap, renewable power when it’s available in the grid, and sell their excess renewable energy back to the grid at the same price as the big generators earn. Our customers capture the full value of their home batteries and EVs in the energy market while accelerating the renewable transition.
www.amber.com.au
Gentrack supports Amber fund-raise to accelerate global expansion of smart energy tech
In February 2024, Amber and Gentrack announced a strategic partnership, with Gentrack investing AUD12m in Amber as part of a Series C funding round. Gentrack and Amber’s partnership positions both businesses to together meet the rising global demand for customer-centric, smart energy services. Amber’s strategy includes licensing its technology through Gentrack’s global network of utility customers, offering bundled solutions that combine Gentrack’s billing and CRM systems with Amber’s automation software.
About Amber
Amber is an Australian technology company and electricity retailer with a mission to shift the world to 100% renewables. Amber gives customers access to the real-time dynamic electricity prices and the technology to automate their home batteries and EVs to use more cheap, renewable power when it’s available in the grid, and sell their excess renewable energy back to the grid at the same price as the big generators earn. Our customers capture the full value of their home batteries and EVs in the energy market while accelerating the renewable transition.
Wholesale Electricity Provider | Amber
Amber is on a mission to help shift Australia to 100% renewable energy. Get access to wholesale energy prices and use more green energy. Sign up for $25/month.
www.amber.com.au
bigdog
Retired many years ago
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Dona
What are your thoughts on buying GTK this week?
WAM announced
What are your thoughts on buying GTK this week?
WAM announced
Dona Ferentes
Did the Thessalonians write back?
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