Full Year 2023 Step One Clothing Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Step One Clothing Limited FY23 financial results call. (Operator Instructions)
I would now like to hand the conference over to Mr. Greg Taylor, CEO and Founder. Please go ahead.
Good morning, everyone, and thank you for joining today's call. I'm Greg Taylor, CEO and Founder of Step One. And with me today is our CFO, Nigel Underwood. We announced our financial results for the 2023 year this morning, and I'm here to go through the highlights of our record year.
I'm pleased to report an EBITDA of $12 million profit, up 33.1% on the prior year. Our record profit was achieved despite a 9.7% decline in sales revenue. We also announced a $0.05 per share fully franked dividend. This dividend demonstrates the Board's confidence in the company's future ability to generate cash in order to fund our operations and future growth aspirations. In this presentation, I will discuss the key drivers behind this strong financial performance.
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