GBST Holdings Limited reported unaudited consolidated financial results for the first half year ended December 31, 2017. For the period, the company reported profit attributable to members of the parent entity of AUD 2,494,000 or 3.67 cents per diluted share compared to profit attributable to members of the parent entity of AUD 4,385,000 or 6.47 cents per diluted share reported in the same period last year. Total revenue was AUD 42,628,000 against AUD 45,219,000 reported last year. Total revenue and other income was AUD 42,736,000 against AUD 45,352,000 reported last year. Results from operating activities were AUD 2,068,000 against AUD 4,832,000 reported last year. Profit before income tax was AUD 1,945,000 against AUD 4,565,000 reported last year. Net cash provided by operating activities was AUD 5,366,000 against AUD 7,653,000 reported last year. Purchase of plant and equipment was AUD 331,000 against AUD 263,000 reported last year. Purchase of software intangibles was AUD 83,000 against AUD 361,000 reported last year. Profit from ordinary activities after tax attributable to members was AUD 2,494,000 against AUD 4,385,000 reported last year. Operating EBITDA was AUD 4,831,000 against AUD 8,004,000 reported last year. EBITDA was AUD 4,575,000 against AUD 8,004,000 reported last year. Adjusted NPAT was AUD 3,576,000 or 5.27 cents per share against AUD 6,187,000 or 9.15 cents per share reported last year.

Operating EBITDA before strategic R&D is expected to be within the range of AUD 20 million - AUD 25 million for fiscal year 2018, consistent with guidance provided in August 2017. Strategic R&D expenditure is expected to be within the range of AUD 10 million - AUD 15 million for fiscal year 2018.