Orcoda Limited (ASX:ODA) Announces FY25 Financial Results
Financial Performance
Orcoda Limited reported a 33% decrease in total revenue for FY25, falling to $17.16 million from $25.44 million the previous year. The company registered a net loss of $2.5 million, reversing the $905,306 profit recorded in FY24. EBITDA also declined by 120%, resulting in an EBITDA loss of $506,153 compared to $2.48 million in FY24.
Operational Achievements
Despite the downturn, Orcoda secured new contracts totaling approximately $3 million with its major customer in June and July. The Resource & Infrastructure Division saw revenue reduced to $9.1 million from $16.7 million in FY24, achieving a small EBITDA profit of $0.3 million for FY25. The Transport Technology Division increased its EBITDA to $2 million from $1.8 million in FY24, with its proprietary software renamed to Transport360.
Future Outlook
Orcoda holds $5.4 million in current work for the Resource & Infrastructure Division for FY26, expecting a strong start to the new fiscal year with ongoing projects and strategic partnerships. The company continues to focus on expanding its customer base, reducing concentration risk, and pursuing growth through organic expansion and value-accretive acquisitions.
Executive Comments
Brendan Mason, Chairman of Orcoda Limited, stated, “All in all, although we had a setback in FY25 (after 4 years of growth) which is now behind us, the future looks very good across the whole business, and we look forward to delivering good results and future growth for our shareholders.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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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