External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

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External broker reports(aggregated public sources)

Equity Bottom-Up

Field Solutions Holdings  / Equity Bottom-Up

<ul><li>FSG reported 1H23 revenues of $25.3m (CG3: $25.7m) and EBITDA (U) of $1.8m (CGe: $1.5m), which was largely in line with expectations.</li><li>However, divisional results highlighted significantly divergent performances given a positive result for the core ISP/MSP operation, while limited progress on anticipated network expansion for FY23 resulted in the Infrastructure operations recording a material loss, with projects being impacted by weather events, supply chain and labour challenges.</li><li>Importantly, existing funding for network expansion remains in place, albeit delays will require FSG to carefully navigate the roll-out and immediate working capital requirements.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FSG reported 1H23 revenues of $25.3m (CG3: $25.7m) and EBITDA (U) of $1.8m (CGe: $1.5m), which was largely in line with expectations.However, divisional results highlighted significantly divergent performances given a positive result for the core ISP/MSP operation, while limited progress on anticipated network expansion for FY23 resulted in the Infrastructure operations recording a material loss, with projects being impacted by weather events, supply chain and labour challenges.Importantly, existing funding for network expansion remains in place, albeit delays will require FSG to carefully navigate the roll-out and immediate working capital requirements.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Field Solutions Holdings Limited - 1H23 in Line, Funding in Focus