Felix Group FY23 Unaudited Financial Highlights

Felix Group Holdings Ltd (ASX: FLX) has released unaudited management financial information for FY23, fulfilling its continuous disclosure obligations in connection with a capital raising announcement. The unaudited FY23 financial results indicate positive trends. Sales revenue increased by 30% to AU$5.1 million, with a substantial boost in the enterprise procurement management platform, driven by major contract wins and expansions.

EBITDA showed a 15% improvement, reaching AU$5.8 million due to sales growth and controlled operating expenses. While costs like employee and subscription expenses saw incremental increases, they were balanced by reductions in consultant fees. Felix intends to release its official audited accounts for FY23 in late September 2023.

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