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Original-Research: Aspermont Ltd. - from GBC AG

04.10.2024 / 10:00 CET/CEST

Dissemination of a Research, transmitted by EQS News - a service of EQS

Group AG.

The issuer is solely responsible for the content of this research. The

result of this research does not constitute investment advice or an

invitation to conclude certain stock exchange transactions.

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Classification of GBC AG to Aspermont Ltd.

Company Name: Aspermont Ltd.

ISIN: AU000000ASP3

Reason for the research: Research Report (Note)

Recommendation: Buy

Last rating change: 0.07 AUD

Analyst: Julien Desrosiers, Matthias Greiffenberger

Resurgence in Growth Following Challenging 2024 Half-Year Results. Strategic

Recruitment of Renowned Top Executives and Leadership. Forecast Prioritizes

Quality Revenue.

Rebound After a Challenging H1 2024: Despite early setbacks, Aspermont

capitalized on its strategic investments in high-growth sectors to achieve a

strong performance turnaround.

Strong Cash Position: The company maintains a healthy net liquidity of $1.3

million as of Q3 2024.

Year-on-Year Revenue Growth: Total revenue for Q3 2024 rose to $5.0 million,

marking a 20% increase compared to the previous year.

Competitive Advantage: While competitors have faced significant losses in

recent quarters, Aspermont's robust performance underscores its position of

strength.

Operational Agility: Aspermont's decentralized structure and scalable

workforce continue to be key strengths, enabling swift product launches

while managing investment risks, as evidenced by the increase in net asset

liquidity.

Completing technological turnaround: The company will be shifting from

revenue quantity to revenue quality in order to reach net profit equilibrium

and start posting posting profits in FY2025.

Based on our DCF model, we revise our price target to AUD 0.03 / 0.02 EUR

per share (down from AUD 0.07) and maintain a buy rating.

You can download the research here: http://www.more-ir.de/d/30985.pdf

Contact for questions:

GBC AG

Halderstraße 27

86150 Augsburg

0821 / 241133 0

research@gbc-ag.de

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Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR

Beim oben analysierten Unternehmen ist folgender möglicher

Interessenkonflikt gegeben: (5a,7,11); Einen Katalog möglicher

Interessenkonflikte finden Sie unter:

https://www.gbc-ag.de/de/Offenlegung

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Date and time of completion of this research: 02.10.2024 (03:00 pm)

Date and time of first distribution: 04.10.2024 (10:00 am)

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2000843 04.10.2024 CET/CEST

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