IkeGPS reports increased revenue, continues path to profitability

ikeGPS Group Limited (NZX:IKE) today released its FY25 financial results, reporting revenue growth and continued investment into its platform. Revenue from continuing operations reached $25.155 million, a 19.2% increase compared to the previous year. Total revenue grew by 18.1% to $25.420 million. Despite these gains, the company reported a net loss from continuing operations of ($16.338) million, representing an 8.6% increase compared to the previous year. The company will not be paying a dividend. Net tangible assets per quoted equity security stand at ($0.01) for the current period, compared to $0.04 in the prior comparable period. ikeGPS will release full financial statements for the year ended 31 March 2025, on Thursday, 29 May 2025 and will host a webinar to discuss the results, featuring CEO Glenn Milnes at 11:00am AEDT/1:00pm NZDT.