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How Did Novatti Turn a $3.8M Profit Despite a 42% Revenue Drop?
8:54am on Friday 27th of February, 2026 AEDT
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Financial Services
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How Did Novatti Turn a $3.8M Profit Despite a 42% Revenue Drop?
8:54am on Friday 27th of February, 2026 AEDT
Key Points
42.1% revenue decline to $14.57 million due to exit from low-margin services
Profit after tax jumps 290% to $3.84 million, reversing prior loss
Underlying EBITDA loss narrows by 21.5%, reflecting operational improvements
Loss of control over AUDC leads to reclassification as associate with 47% stake
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