MyEco Group Ltd (ASX:MCO) Announces Q4 FY25 Sales Update
Financial Performance
MyEco Group Ltd reported total group sales of $15.7 million in FY25, an increase of 8.6% compared to FY24. Global MyEco® product sales reached $5.3 million, up 81.8% on FY24, maintaining category leadership in Coles and Woolworths. Australia sales grew by 64.2%, while USA sales surged by 257.5%.
White Label and Other Sales
White Label and other sales totalled $2.7 million in FY25, a 15.0% increase from FY24. This growth was primarily driven by a new UK retail customer.
Operational Restructure
The company is undergoing an operational restructuring and is expected to deliver approximately $2.5 million in fixed cost savings in FY26.
Sales Strategy
The sales strategy remains focused on delivering positive EBITDA in the medium term, emphasising the continued development and promotion of MyEco® products supported by ongoing biopolymer technology innovation.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended MyEco Group Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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