SHAPE Australia’s FY24 Performance with Over AU$1 Billion and Significant NPAT Growth

SHAPE Australia Corporation Limited (ASX: SHA) has announced a strong business update for the financial year ending June 30, 2024. The company achieved record new project wins exceeding AU$1 billion, an increase of over AU$150 million compared to the previous year. Despite a marginal decrease in revenue due to project commencement delays, SHAPE demonstrated resilience by sustaining margins through operational efficiencies.

SHAPE’s FY24 EBITDA is projected to be between AU$25 million and AU$26 million, marking a notable increase of over 25% compared to the previous corresponding period. The company’s track record of profitability continues, with NPAT estimated in the range of AU$15 million to AU$16 million, reflecting a significant rise of over 40% compared to the previous year.

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