Novatti Group Ltd 2024 Annual Report with Sustainability Disclosures
Company: Novatti Group Ltd
Sector: Technology & telecommunications
Country: Australia
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 92
The report describes Novatti's FY24 strategic transformation into a focused Payments Solutions business, including the removal of $7m in annualised costs and divestment of non-core interests. Group revenue increased 10.1% to $42,899,000, while underlying EBITDA improved 20% to a $12,048,000 loss. Its ESG disclosures cover environmental initiatives, diversity objectives of 30% female representation by 2025 and 40% by 2030, and ISO 27001:2013 certification for information security. Novatti also reports 40% female employees as at 30 June 2024 and no work-related accidents over the last five years.
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