Brief: Eml Payments Says Excluding PCSIL, Would Be Significantly Cash Flow Positive In FY24

EML Payments

28/11/2023 22:45

Nov 29 (Reuters) - EML Payments Ltd  EML.AX :
    * EXCLUDING PCSIL, WOULD BE SIGNIFICANTLY CASH FLOW POSITIVE
IN
FY24 
    * CURRENTLY HAMPERED BY A NUMBER OF EBITDA AND CASH FLOW
NEGATIVE
BUSINESS LINES
    * YTD OCTOBER REVENUE HAS INCREASED 39% ON PCP TO A$93.1
MILLION
    * FY24 UNDERLYING EBITDA GUIDANCE OF A$52-A$58 MILLION
    * HAS RECEIVED CONFIDENTIAL EXPRESSIONS OF INTEREST FROM
THIRD
PARTIES FOR SENTENIAL LIMITED
    * ENGAGED WITH SEVERAL POTENTIAL BUYERS OF SENTENIAL,
HOWEVER,
THERE IS NO CERTAINTY THAT A SALE WILL EVENTUATE
    * YTD OCTOBER UNDERLYING EBITDA IS UP 279% TO A$12.5 MILLION
    * EXPECTS TO REPORT UNDERLYING EBITDA FOR FY24 IN RANGE OF
A$52-A$58 MILLION
    * CASH FLOW IS ESTIMATED TO BE BROADLY NEUTRAL IN FY24

Further company coverage:  EML.AX 

 ((Reuters.Briefs@thomsonreuters.com;))