Frontier Digital Ventures Ltd
ASX:FDV

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Frontier Digital Ventures Ltd Logo
Frontier Digital Ventures Ltd
ASX:FDV
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Price: 0.32 AUD 6.67% Market Closed
Market Cap: 139.4m AUD

Frontier Digital Ventures Ltd
Investor Relations

Frontier Digital Ventures Ltd. engages in the investment and development of online classified businesses in underdeveloped, emerging countries or regions. The company is headquartered in Kuala Lumpur, Wilayah Persekutuan and currently employs 300 full-time employees. The company went IPO on 2016-08-26. The firm focuses on property and automotive verticals and general classifieds Websites. Its property management marketplaces include iMyanmarHouse.com, LankaPropertyWeb.com, MeQasa.com, Zameen.com, Propertypro.ng, infocasas.com.uy, Hoppler.com.ph and Fincaraiz.com.co. Its automotive marketplace include CarsDB.com, Moteur.ma, PakWheels.com and Autodeal.com.ph. Its general marketplace include Encuentra24.com, Avito.ma, Tayara.tn and Yapo.cl. The firm focuses for investments are clustered in five regions, including South Asia, East Africa, West Africa, Central America, and Middle East/North Africa.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Aug 28, 2024
AI Summary
Q2 2024

Revenue Growth: Frontier Digital Ventures delivered record half-year revenue of almost $42 million, representing a 14% increase compared to the same period last year.

Profitability: All regions are now profitable and the group saw a significant improvement in EBITDA margin; operating expenses grew more slowly than revenue (up 11%).

Cash Flow: All operating regions were cash flow positive, and the company continues to maintain cash in the bank.

Product Investment: The company is continuing to invest in new products and platform upgrades, especially in LATAM with launches like the new Yapo platform.

Pakistan Recovery: Zameen returned to quarter-on-quarter growth in Q2 after a difficult period, supported by improving macro conditions like lower inflation and interest rates.

Margin Expansion: Ongoing focus on expanding margins by balancing revenue growth and cost discipline.

Outlook: Management remains focused on revenue and margin growth but does not provide explicit forward guidance; confidence is high as operating conditions improve.

Key Financials
Revenue
$42M
Earnings Call Recording
Other Earnings Calls
2024

Management

Mr. Shaun Antony Di Gregorio M.B.A.
Founder, CEO & Non-Independent Executive Director
No Bio Available
Mr. Jason Lau
Chief Financial Officer
No Bio Available
Ms. Houyi Sow
Operations Manager
No Bio Available
Ms. Soo Jean Lee
Senior Group Accountant
No Bio Available
Mr. Bruno Romão Rodrigues
Head of Digital Marketing
No Bio Available
Mr. Ricardo Frechou
CEO OF 360 LATAM
No Bio Available
Mr. Guillermo Tavidian
CTO of 360 LATAM
No Bio Available
Mr. Martin Coulthurst
New Business Director
No Bio Available
Ms. Agustina Galeazzi
CFO of 360Latam
No Bio Available
Ms. Silvia Halegua
Head of Iris
No Bio Available

Contacts

Address
WILAYAH PERSEKUTUAN
KUALA LUMPUR
39-8 The Boulevard, Mid Valley City Lingkaran Syed Putra
Contacts
+60327001591.0
frontierdv.com