BRIEF-Bubs Australia Posts Q2 Group Gross Revenue Of A$25.7M

Reuters01-31

Jan 31 (Reuters) - Bubs Australia Ltd :

* Q2 GROUP GROSS REVENUE OF A$25.7M, UP 79.7%

* ON TRACK TO EXCEED FY24 NET REVENUE FORECAST OF A$80M

* BUBS REMAIN FIRMLY ON TRACK TO ACHIEVE OUR GUIDANCE FOR FY24

* ON TRACK TO DELIVER ITS STRATEGIC PLAN

* CHINA RESET IS PROGRESSING WELL AND WE EXPECT SALES IN H2 TO EXCEED H1

* EXPECTS TO INCUR FURTHER A$5.0M OF ONE-OFF REGULATORY COSTS IN ORDER TO MEET FDA'S REQUIREMENTS

* COMMENCED A 2ND PRODUCTION SHIFT AT DELORAINE IN RESPONSE TO STOCK SHORTAGES IN USA

* REMAINS CONFIDENT IT WILL BE CASH FLOW POSITIVE WITH POSITIVE TRADING EBITDA IN FY25

* 2ND DAILY PRODUCTION SHIFT AT DELORAINE WILL DOUBLE PRODUCTION FROM CURRENT CAPACITY OF 12,500 TINS PER DAY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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