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Highlights
- In FY24, COG reported revenue of AUD 495.6 million, reflecting a rise of 36% YoY.
- Meanwhile, in FY24, EBITDA rose by 9% YoY to AUD 57.8 million and NPAT increased by 1% YoY to AUD 28.7 million.
- The Australian Bureau of Statistics (ABS) reported a 1.1% sequential rise in new capital expenditure for the September 2024 quarter.
COG Financial Services Limited (ASX:COG) is an Australia-based finance aggregator and equipment leasing firm that mainly offers services to small and medium enterprises. In the financial year 2024 (FY24), the company reported revenue of AUD 495.6 million, reflecting a rise of 36% YoY. The revenue growth was driven by contributions from organic and acquisition growth during the reported period. In FY24, EBITDA surged by 9% YoY to AUD 57.8 million and NPAT grew by 1% YoY to AUD 28.7 million.
Recently, the company notified that in 1QFY25, NPATA to shareholders (unaudited) fell to AUD 5.2 million, compared to AUD 6.2mn in 1QFY24.
Company outlook
The company forecasts continued organic growth and is actively engaged in assessing strategic acquisition opportunities to boost the underlying growth trajectory.
Growth prospects for financial stock
The data published by the Australian Bureau of Statistics (ABS) on 28 November 2024 revealed that in the September 2024 quarter, new capital expenditure jumped 1.1% sequentially, 1% higher than the previous corresponding period. Non-mining industries led the growth in capex with a rise of 2.3%, offsetting a 1.9% fall in mining capex.
The highest growth in capex was seen in the individual sectors, financial and insurance services with growth of 12.3% sequentially.
Share performance of COG
COG share price increased by 0.56% on 2 December 2024 to close at AUD 0.905 per share. In the past year, COG’s share price has declined by around 37.37%, and in the past three months, the share price has dropped by almost 11.71%.
52-week high of COG is AUD 1.56, recorded on 15 January 2024, and 52-week low is AUD 0.88, recorded on 27 November 2024.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 02 December 2024. The reference data in this report has been partly sourced from EODHD/Others.






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