Omni Bridgeway (ASX:OBL) Full Year 2024 Results

Key Financial Results

• Revenue: AU$279.2m (up by AU$257.7m from FY 2023).

• Net income: AU$30.5m (up from AU$31.7m loss in FY 2023).

• Profit margin: 11% (up from net loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Omni Bridgeway Revenues Disappoint

Revenue missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 9.1% decline forecast for the Diversified Financial industry in Australia.

Performance of the Australian Diversified Financial industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Omni Bridgeway that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.