HighCom Expects EBITDA of AU$1 Million to AU$3 Million in Fiscal H2; Shares Up 8%

MT Newswires Live05-30

HighCom (ASX:HCL) is expected to deliver earnings before interest, taxes, depreciation, and amortization of AU$1 million to AU$3 million in the second half of fiscal 2024 ending June, marking the companyâs return to profitability after a dismal first half, according to a Thursday filing with the Australian bourse.

The turnaround will partially offset the loss in the prior six-month period, with the full-year EBITDA projected to generate a loss of AU$10 million to AU$12 million, the filing said. This includes AU$6.2 million of impairments recognized in the first half, subject to a re-assessment. Full-year revenue is forecast to be in the range of AU$46 million to AU$48 million.

The defense equipment maker expects to continue to trade profitably in fiscal 2025.

Its shares were up more than 8% in recent trade.

Price (AUD): $0.16, Change: $+0.01, Percent Change: +8.28%

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