AnyMind Group, a Business-Process-as-a-Service (BPaaS) company catering to marketing, e-commerce, and digital transformation, has reported impressive financial results for the third quarter of fiscal year 2024, signifying its robust financial standing.
The Singapore- and Japan-based company’s performance was marked by significant year-on-year (YoY) growth across key financial indicators.
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- Revenue surged by 53 per cent YoY, reaching JPY13 billion (US$83 million)
- Gross profit followed a similar upward trajectory, increasing by 46 per cent YoY to JPY4.7 billion (US$30 million).
- Operating income witnessed a substantial rise of JPY486 million YoY, reaching JPY708 million.
- Adjusted EBITDA also experienced a significant jump of JPY572 million YoY, hitting JPY1 billion.
This positive financial performance is attributed to the continued growth momentum across AnyMind Group’s three core business units:
- Marketing platforms: This segment recorded a 33 per cent YoY increase in gross profit, reaching JPY2.2 billion.
- Partner growth Platforms: This unit demonstrated even stronger growth with a 56 per cent YoY rise in gross profit, amounting to JPY1.6 billion.
- D2C and e-commerce platforms: This segment exhibited the most substantial growth, achieving a 65 per cent YoY increase in gross profit, totalling JPY932 million.
Furthermore, AnyMind Group’s strategic acquisitions have proven fruitful, contributing significantly to the company’s overall financial success. Two recently acquired companies, Digital Distribusi Indonesia and Arche Digital, have displayed remarkable growth post-merger.
- Digital Distribusi Indonesia: This company witnessed a remarkable 111 per cent YoY surge in net sales and a 124 per cent YoY increase in gross profit between April-September 2023 and April-September 2024.
- Arche Digital: Similarly, this company exhibited a 40 per cent YoY growth in gross sales and a 50 per cent YoY rise in gross profit during the same period.
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Based on its strong Q3 performance, AnyMind Group has confidently revised its full-year earnings forecast upwards for the second time.
- Operating profit forecast has been raised by JPY450 million (23 per cent) to JPY2.4 billion.
- Net income attributable to owners of the parent has been increased by JPY230 million (17 per cent) to JPY1.58 billion.
- The company maintains its original forecasts for revenue and gross profit.
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1 JPY=0.0064 USD
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