P2P Transport Limited announced audited earnings results for the year ended June 30, 2018. For the year, the company reported revenue of AUD 32,711,000 compared to AUD 8,916,000 a year ago. Operating loss before initial public offer expenses, impairment loss on goodwill, finance costs and depreciation and amortization was AUD 5,139,000 compared to profit of AUD 784,000 a year ago. Loss before income tax was AUD 37,794,000 compared to profit of AUD 63,000 a year ago. Loss for the year attributable to members of the parent was AUD 37,862,000 or 64.40 cents per share compared to profit of AUD 50,000 or 0.44 cents per share a year ago. Net cash used in operating activities was AUD 8,767,000 compared to net cash provided by operating activities of AUD 1,505,000 a year ago. Payments for plant and equipment were AUD 8,124,000 compared to AUD 671,000 a year ago. Payment for intangible assets was AUD 18,000. Pro forma net profit attributable to members was AUD 3,951,000 against AUD 93,000 a year ago. Net tangible assets per ordinary share were 0.23 cents. Statutory LBITDA was AUD 16,940,000 and Pro Forma EBITDA was AUD 10,917,000.

The company provided earnings guidance for the fiscal year 2019. The company expects to deliver fiscal year 2019 EBITDA in the range of AUD 16.1 to AUD 16.8 million, representing an increase of 47.7% to 54.1% above fiscal year 2018 pro forma EBITDA.