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Jatcorp Limited (ASX:JAT)

ALERT: Price-sensitive ASX Announcement for JAT
Current share price for JAT : $0.130 -0.19 (-59.38%)+
Announcement
Release
29 Aug 2025 8:36AM
Price at Release
$0.320
Full Release
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Summary
Jatcorp Limited's financial performance for the year ending June 30, 2025, showed significant challenges. The company reported a substantial decrease in revenue from continuing operations, falling from $52.5 million in 2024 to $34.8 million in 2025, representing a 34% decline. Additionally, the overall group consolidated revenue dropped by 54%, with the company recording a net loss of $6.9 million after income tax compared to a profit of $1.6 million in the previous year. The loss was attributed to factors such as impairment losses and inventory write-downs. Jatcorp's adjusted EBITDA also shifted from a profit of $3.7 million in FY24 to a loss of $1.7 million in FY25. The company's strategic initiatives included expanding market channels, with significant online distribution growth, especially in the Chinese market. Despite these efforts, financial results indicate a challenging year, necessitating strategic adjustments moving forward.
Key Points
  • Significant decline in revenue and earnings for FY25.
  • Revenue from continuing operations fell by 34% to $34.8 million.
  • Group consolidated revenue decreased by 54%.
  • Net loss after tax was $6.9 million, down from a profit of $1.6 million in 2024.
  • Impairment losses and inventory write-downs impacted financial results.
  • Adjusted EBITDA turned negative, indicating operational challenges.
  • Market expansion efforts included increased online distribution in China.
  • Cash balance at the end of the year was $2.7 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.