External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>SPZ provided a positive 1Q25 trading update as part of its AGM, reporting revenues of $17m (+24% pcp, CGe +23%), and adj. EBITDA of $5.4m representing an EBITDA margin of 32% (FY24: 27%).</li><li>SPZ surpassed its long-standing Dec-24 site guidance of 1500 sites ahead of plan, with its current sites standing at 1,529 as at 15-Nov.</li><li>The 1Q25 site count of 1,485 implies a +20 sites/month run rate, accelerating to +29/month in 2Q25TD. </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>

SPZ provided a positive 1Q25 trading update as part of its AGM, reporting revenues of $17m (+24% pcp, CGe +23%), and adj. EBITDA of $5.4m representing an EBITDA margin of 32% (FY24: 27%).SPZ surpassed its long-standing Dec-24 site guidance of 1500 sites ahead of plan, with its current sites standing at 1,529 as at 15-Nov.The 1Q25 site count of 1,485 implies a +20 sites/month run rate, accelerating to +29/month in 2Q25TD. 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.

Smart Parking Limited - 1Q24 +24% Revenue at 32% EBITDA Margins