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14 May 2025
Ossia International Limited Navigates FY2025: Revenue Growth and Strong Associated Company Contribution Contrast with Profit Dip
Summary:
- Ossia International Limited reported an increase in revenue of 2.7%, reaching $18.383 million for the financial year ended 31 March 2025.
- Profit for the period, net of tax, decreased by 8.0% to $6.047 million, while total comprehensive income for the year increased to $7.965 million.
- The Group's share of results of its associated company increased from $5.07 million in the previous year to $6.05 million.
- Trade and other receivables increased to $8.15 million, which included a $2.95 million buyback consideration receivable and $1.2 million dividend receivable.
- As at 31 March 2025, the Group had a low gearing ratio of 0.03 times, and no dividend was declared or recommended for the period to conserve capital.