EROAD (ASX:ERD, NZE:ERD) reported revenue of NZ$95.9 million for the six months ended Sept. 30, up 8% from its revenue of NZ$ 88.9 million in the same period a year earlier, according to a Friday filing with the Australian and New Zealand bourses.
The fleet management and transport technology business also reported positive free cash flow of NZ$100,000 for H1 fiscal 2025 compared to a negative free cash flow of NZ$200,000 a year ago, due to a result of growth in units, price increases and cost control, the filing said.
Earnings before interest and taxes rose to NZ$2.4 million from NZ$100,000 a year ago.
For the fiscal year ending June 30, 2025, EROAD expects revenue between NZ$190 million to NZ$195 million, EBIT between NZ$5 million to NZ$10 million, and R&D spending of NZ$35 million, up from NZ$32 million last year.
"We are firmly on track to deliver against our full-year financial guidance," Co-Chief Executive Officers, Mark Heine and David Kenneson said.
The company's Australian shares fell 6% and its Kiwi shares fell 6% in recent Monday trade.
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