Abacus Group Posts Narrower Fiscal H1 Loss, Higher Revenue

MT Newswires Live
24 Feb

Abacus Group (ASX:ABG) reported Monday a fiscal first-half diluted loss of AU$0.0064 per stapled security, narrowing from AU$0.1606 per diluted share a year earlier.

Analysts polled by Visible Alpha expected a diluted earnings per share of AU$0.051.

Total revenue for the six months ended Dec. 31, 2024, was AU$103.8 million, compared with AU$97.6 million a year earlier. Analysts surveyed by Visible Alpha expected a total revenue of AU$98.6 million.

The board declared an interim distribution of AU$0.0425 per security, unchanged from AU$0.0425 in the previously reported period, payable on or around Feb. 28.

The company said it expects full fiscal year distribution guidance of AU$0.085 per security. Analysts polled by Visible Alpha expect net earnings of AU$0.102 per diluted share on total revenue of AU$197.5 million in the current fiscal year.

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