AnyMind Group releases Q2 2023 earnings

Company made an operating profit for the quarter and continued to see quarterly year-on-year growth across revenue, gross profit and adjusted EBITDA

AnyMind Group [TSE:5027], an end-to-end commerce enablement company, has today announced its financial results for the second quarter of fiscal year 2023. Please see below for some highlights pertaining to the company’s Q2 2023 earnings disclosure.

• The company continues to retain full-year forecasts due to steady progress in revenue, gross profit, operating income, adjusted EBITDA and net profit. The full-year earnings forecast remains unchanged at this time
• For Q2 2023, operating profit increased year-on-year (YoY) to ¥169 million (compared to an operating profit of ¥0.6 million in the same period last year); Adjusted EBITDA was positive at ¥438 million (+97% YoY)

• For Q2 2023, revenue increased 35% YoY to ¥7.73 billion, gross profit increased by 36% YoY to ¥2.98 billion

• Growth in gross profit continued across the company’s three main business units: Marketing Platforms (+30% YoY to ¥1.534 billion), Partner Growth Platforms (+41% YoY to ¥926 million), and D2C Platforms (+55% YoY to ¥481 million)

• The M&A of Indonesia-based Digital Distribusi Indonesia announced in May is progressing toward closing at the end of September, and contribution to earnings is expected in Q4 2023

• The company has also announced its intention to bolster its presence in the Middle East by establishing a local subsidiary in Saudi Arabia in Q4 2023

Further information can be found on the investor relations site (Q2 2023 earnings presentation; Q2 2023 financial report).

About AnyMind Group
Founded in April 2016, AnyMind Group [TSE:5027] is an end-to-end commerce enablement technology company with a purpose to make it exciting for everyone to do business. The company provides two broad offerings to brands and businesses, publishers and influencers: Brand Commerce and Partner Growth. Brand Commerce provides businesses with the company’s platforms for manufacturing, e-commerce enablement, marketing and logistics, whilst Partner Growth provides web and mobile app publishers along with influencers and content creators with platforms for monetization and optimization. Partner Growth customers can also tap on the company’s Brand Commerce offering. AnyMind Group has over 1,300 staff across 19 offices in 13 markets, including Singapore, Thailand, Indonesia, Vietnam, Cambodia, Malaysia, the Philippines, Hong Kong, Taiwan, Mainland China, Japan, India and the United Arab Emirates.

Chris Lu
Regional Head, Communications
ch***@an**********.com
+65 6386 7368

This Press Release has also been published on VRITIMES