Looming 3G shutdown in NZ weighs on Eroad result - but full-year guidance on track

Eroad saw strong revenue growth and squeaked into the black in the first half. In the six months to September 30, Eroad had free cashflow of $0.1m versus negative free cashflow of $0.

2m in the first half of FY25. Excluding Coretex acquisition costs and the cost of the firm’s 4G upgrade programme, free cash flow was $6.2m in H1 FY25 compared to $2.



8m in H1 FY24. The Auckland-based maker of fleet management solutions reported ebit of $2.4m from the year-ago $0.

1m. Shares were down 2.1% to 94c in early trading.

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