Ignite Limited Announces Remarkable FY24 Turnaround

Ignite Limited (AU:IGN) has released an update.

Ignite Limited reports a significant financial turnaround for FY24, with a 156% increase in statutory profit to $616k, a 259% surge in underlying profit to $1.014 million, and an impressive 346% jump in EBITDA. Despite a 9% revenue decline, the company strengthened its cash position, raising $3.69 million through an entitlement offer and ending the year with $4.101 million in cash and no debt.

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