TZ Limited Reports Stable Revenue and Profit Growth

TZ Limited (AU:TZL) has released an update.

TZ Limited has reported a strong financial performance for the fourth quarter of 2024, with a net cash inflow from operating activities of $0.5M and an expected annual revenue of A$14M, marking a stable year comparable to the previous one. The company successfully reduced staff costs significantly without affecting revenue and achieved a net profit for the first time in five years, following a major restructuring aimed at improving operations and profitability. Looking ahead, TZ Limited is focusing on growth, with plans to explore acquisitions in the Tenant App space to complement and diversify its smart locker and security businesses.

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