AHL has released its fiscal year 2023 results

Adrad Holdings Limited (ASX: AHL), an Australian company specializing in heat transfer solutions and automotive aftermarket parts, has reported its fiscal year 2023 (FY23) results. In FY23, the company achieved a remarkable 15% increase in revenue, reaching AU$141.1 million, compared to the previous corresponding period. This also represented an 8% growth when compared to the pro forma prior comparative period revenue of AU$130.7 million. However, pro forma EBITDA for the year was AU$15.6 million, showing a 5% decrease compared to the prior year's AU$16.4 million.

The company generated positive cash flow of AU$13.1 million from operations before taxes and finance costs. As a recognition of its performance, the company declared a final fully franked dividend of 1.63 cents per share, bringing the total declared dividends for FY23 to 2.33 cents per ordinary share, fully franked, which represents 34% of NPAT.

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