Symbio Holdings Limited Stock Market Press Releases and Company Profile
Annual Report 2015
Annual Report 2015

Sydney, Sep 25, 2015 AEST (ABN Newswire) - Letter from the Chairman, Terry Cuthbertson: It is again with great satisfaction that I present to you the 2015 full year results for My Net Fone Limited (googlechartASX:MNF).

It has been another successful year for the MyNetFone Group. The company has achieved yet another record financial result for the fifth consecutive year and is tracking at over 60% compound annual growth (CAGR) on EBITDA and almost 50% CAGR on NPAT, an excellent track record that all members can be extremely proud of.

Our consolidated group revenue increased to $85.7 million, up 44% from the previous year. Our EBITDA rose by 35% to $12.2 million, and our NPAT rose by 24% to $7.2 million. The company ended the year with a balance sheet comprising $6.3 million in cash, and our new acquisition facility drawn to $25.3 million, resulting in a net debt of $19.0 million after our acquisition of the global TNZI business.

This year's success is attributed to yet another year of strong growth in the MyNetFone Business and Enterprise segment and the Symbio hosted services segment. Both these segments are based on our unique intellectual property assets and produce a high margin recurring revenue stream - something we continue to focus on into the future. The outlook for the business remains positive with new global potential growth opportunities.

This year's solid performance has allowed the board to declare an annual dividend of 5.75 cents per share fully franked - an increase of 28% over the previous year. The dividend is consistent with our track record of providing consistent returns to shareholders in the order of 50% of NPAT.

Achievements

During the year MyNetFone grew thanks to some incredible achievements and the dedication and effort of our invaluable team. The highlights of our achievements are:

- Acquisition of TNZI - The company purchased the global wholesale voice business of Telecom New Zealand International ("TNZI") in April of 2015. TNZI is the dominant international wholesale voice carrier in New Zealand and currently has operations in 6 countries and carries over 2.8 Billion minutes annually. The acquisition of TNZI and its international voice business is a huge transformational leap for the company. The MyNetFone Group is now a significant voice player in the global market and with global opportunities for our high value managed services product suite that has been so successful in the domestic Australian market.

- Acquisition of iBoss - The company acquired the intellectual property and platform assets of iBoss in July of 2014. iBoss is a sophisticated software enablement platform that currently services the competitive service provider segment in Australia. This capability is complimentary to the company's existing wholesale-managed services business, and will allow it to garner a greater share of wallet from the 1,200 or so small and emerging competitive service providers in Australia. This will help further cement the company's growth in the Australian wholesale telecommunications market as we move into an NBN era.

- Acqusition of OpenCA Softswitch Technology - The company acquired the source code and intellectual property rights of the OpenCA Softswitch in December of 2014. OpenCA provides Soft-switching and intelligent call control functionality for VoIP networks, and is extremely complimentary to the company's software intellectual property ecosystem. This acquisition will allow the company to continue its rapid expansion domestically and globally while maintaining low capital expenditure levels.

- Organic Growth - A key contribution to the company's strong financial result was due to strong organic growth. This year has once again seen the company successfully execute its strategy in its two key growth segments - Small to Medium Business, and Wholesale Managed Services. These segments feature strong year-on-year growth, and incremental sales of the company's proprietary software platform.

- Integration of prior-year acquisitions - Despite the relentless pace of organic growth and new acquisitions, the company continues to demonstrate the ability to integrate and maintain prior year acquisitions. The company has continued to perform extremely well and stepped up to the challenge of integrating multiple complex networks, business operations and brands during this financial year.

The Future

Our company's future is looking bigger and brighter than ever before. We have established a solid foundation and proven track record in the Australian market. Now combined with the acquisition of one of the global telecommunications industry's most recognised quality brands - TNZI, the MyNetFone Group is poised on the verge of an exciting global growth opportunity.

In addition to developing our own organic growth strategy, the company continues to seek sensible acquisitions that will deliver incremental value to shareholders. Our goal is to find opportunities that allow us to leverage our strong intellectual property assets, incredibly skilled team, and massive synergy potential of our nationally interconnected voice network.

In addition we continue to develop new technology, software and processes that will deliver new products and services into a market ripe with opportunity driven by change. Our strategy remains centered on voice communications technology and applications. We are constantly looking at how to push the boundaries of change in the global market and capture new emerging revenue streams in an Internet enabled world. MyNetFone is truly in a unique position to seize this new market opportunity as it emerges.

On behalf of the board, I would like to thank all of the staff and management team in achieving another great result for our company. The board continues to provide its full support to the team to ensure the company maintains its momentum and growth into the future.

I would also like to thank my fellow members of the Board for their hard work and dedication over the last 12 months. Their insight and vision has truly shaped an innovative and successful organisation that stands out as a rapidly emerging player in the Australian telecommunications market.

To view the Annual Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MNF-881150.pdf


About Symbio Holdings Limited

MNF GroupSymbio Holdings Limited  (ASX:SYM) is a software company changing the way the world communicates.

Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers.

Symbio is the backbone for the global cloud communication industry. Over 500 service providers - from telecom start-ups to the world's biggest software companies - rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges.

Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide.

For more information about Symbio visit www.symbio.global

https://www.linkedin.com/company/symbio-global/ abnnewswire.com 


Contact

Miki Kando
Executive Assistant to CEO / CTO
T: +61 2 8008 8231
E: miki.kando@mnfgroup.limited



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