Catcha Digital's earnings soar to a record in 3Q

KUALA LUMPUR: Catcha Digital Bhd reported a surge in its top- and bottomlines to record levels in the third quarter of the financial year amid the integration of recent acquisitions into the group.

"This success is a clear testament to our capability to identify and unlock significant earnings potential immediately following an acquisition," said CEO Eric Tan in a statement.

In the quarter under review, Catcha Digital posted a net profit of RM2.82mil, more than double the net profit of RM1.23mil in the year-ago quarter. Earnings per share leapt to 1.05 sen from 0.47 sen previously.

The group reported quarterly revenue of RM25.26mil, against RM11.14mil in the year-ago quarter.

Over the nine-month period, net profit was RM5.87mil against RM3.4mil in 9MFY24, while revenue jumped to RM47.52mil from RM27.55mil in the comparative period.

Earlier this year, Catcha Digital completed a RM24.3mil fundraising through a rights issue of shares with warrants, which achieved a remarkable 78% oversubscription.

According to the group, when the warrants are fully exercised, the group is poised to potentially raise up to an additional RM73mil to fuel its growth plans.

"The success of our recent fundraising gives us the financial strength required to continue execute our vision. We will continue to pursue strategic partnerships, investments and acquisitions that are directly accretive to our earnings per share," said Catcha Digital chairman Patrick Grove.