FY23 Results Announcement

Our key focus remains to deliver 1,500 sites by June 2025 and we are on track to exceed this milestone.

Highlights include:

• Group revenue of $45.1m ($46.1m, up 21%)
• Adjusted EBITDA of $11.5m ($11.8m, up 35%)
• Adjusted EBITDA margin of 25.5% (up 266 bps)
• Growth in global parking breach notices up 29%
• Growth in APAC/Germany parking breach notices up 271%
• 1,112 total group ANPR sites under management
• Cash of $10.7m to self-fund organic growth, expansion into new territories and complementary acquisition opportunities
  
  (All revenue figures are in constant currency (FY22 exchange rates))

Our key focus remains to deliver 1,500 sites by June 2025 and we are on track to exceed this milestone.
Our growth strategy remains intact, and with our balance sheet and positive cash flow we're well capitalised to take advantage of organic and inorganic opportunities as they arise.

Smart Parking looks forward to continuing to update our shareholders on positive progress in the near future, and would like to thank our Global team for their outstanding contributions over the year.