PropertyGuru (PGRU)
Search documents
PropertyGuru (PGRU) - 2024 Q2 - Quarterly Report
2024-09-04 10:05
Revenue Performance - Revenue for the three months ended June 30, 2024, was S$40,678,000, representing a 4.3% increase from S$36,880,000 in the same period of 2023[26]. - Revenue for the six months ended June 30, 2024, reached S$77,193,000, up 11.1% from S$69,508,000 in the prior year[26]. - Revenue from external customers for the six months ended June 30, 2024, was S$77,193,000, an increase of 11.5% from S$69,508,000 in the same period of 2023[60]. - Revenue from external customers for the three months ended June 30, 2024, was S$40,678,000, compared to S$36,880,000 in the same period of 2023, marking an increase of 10.0%[60]. EBITDA and Losses - Adjusted EBITDA for the three months ended June 30, 2024, was S$22,454,000, a 24.5% increase compared to S$18,118,000 in 2023[20]. - Adjusted EBITDA for the six months ended June 30, 2024, was S$41,689,000, up from S$32,208,000 in the prior year, reflecting a growth of 29.5%[60]. - The net loss for the six months ended June 30, 2024, was S$22,417,000, compared to a net loss of S$16,710,000 in the same period of 2023[47]. - The company reported a loss for the period of S$22,417,000 for the six months ended June 30, 2024, compared to a loss of S$16,710,000 for the same period in 2023, representing a 34% increase in losses[53]. - For the six months ended June 30, 2024, the basic and diluted loss per share was S$0.14, compared to S$0.10 for the same period in 2023, indicating a 40% increase in loss per share[6]. - The loss attributable to shareholders for the three months ended June 30, 2024, was S$16,125,000, compared to a loss of S$6,476,000 for the same period in 2023[64]. Assets and Liabilities - Total assets as of June 30, 2024, were S$715,197,000, slightly up from S$713,168,000 as of December 31, 2023[31]. - Total liabilities increased to S$125,402,000 as of June 30, 2024, from S$108,356,000 at the end of 2023[31]. - As of June 30, 2024, total current assets amounted to S$325,801,000, a slight increase from S$322,208,000 as of December 31, 2023[49]. - The total shareholders' equity decreased to S$589,795,000 as of June 30, 2024, down from S$604,812,000 at the end of December 2023, reflecting a decline of approximately 2.4%[50]. - As of June 30, 2024, the Group's total net liabilities amounted to approximately S$9,685,000, an increase from S$9,000,000 as of December 31, 2023[86]. Cash Flow and Operations - Cash provided by operations for the six months ended June 30, 2024, was S$8,658,000, significantly higher than S$3,087,000 for the same period in 2023, marking an increase of 180%[53]. - The cash and cash equivalents at the end of June 30, 2024, were S$309,370,000, slightly up from S$306,398,000 at the beginning of the period[53]. Impairments and Restructuring - The Group recognized impairment of intangible assets amounting to S$4,185,000 for the six months ended June 30, 2023[11]. - The restructuring costs recognized for the six-month period ended June 30, 2024, were part of a strategic re-organization undertaken in February 2024[39]. - The company incurred restructuring costs of S$3,516,000 related to salary and staff costs, primarily for severance and long service compensation[57]. - The Group incurred restructuring costs of S$4,177,000 for the six months ended June 30, 2024, primarily related to salary and staff costs[75]. Strategic Initiatives - The company plans to cease operations in the Indonesia marketplace as part of its strategic initiatives[59]. - The merger agreement with EQT Private Capital Asia for US$1.1 billion was signed on August 16, 2024, with completion expected in Q4 2024 to Q1 2025[75]. Fair Value and Other Comprehensive Income - The company reported a fair value loss on warrant liabilities of S$10,593,000 for the six months ended June 30, 2024, compared to a gain of S$110,000 for the same period in 2023[53]. - The total comprehensive loss for the period was S$18,380,000, which includes other comprehensive income of S$4,037,000[51]. Intangible Assets - The Group's intangible assets decreased from S$347,144,000 at the beginning of the financial period to S$323,074,000 as of June 30, 2024[67].
PropertyGuru (PGRU) - 2023 Q4 - Annual Report
2024-03-22 11:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
PropertyGuru (PGRU) - 2023 Q4 - Earnings Call Transcript
2024-03-01 16:05
PropertyGuru Group Limited (NYSE:PGRU) Q4 2023 Results Conference Call March 1, 2024 7:30 AM ET Company Participants Nat Otis - Vice President, Investor Relations Hari Krishnan - Chief Executive Officer Joe Dische - Chief Financial Officer Conference Call Participants Nick Jones - JMP Securities LLC Nelson Cheung - Citigroup Inc Fawne Jiang - Benchmark Operator So thank you for standing by, everyone, and welcome to the PropertyGuru Group's Fourth Quarter and FullYear 2023 Earnings Conference Call. Currently ...
PropertyGuru (PGRU) - 2024 Q1 - Quarterly Report
2024-03-01 11:07
PropertyGuru Reports Fourth Quarter and Full Year 2023 Results Revenue of S$150 Million and Adjusted EBITDA of S$19 Million in 2023 Singapore – March 1, 2024 – PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading 1 , property technology ("PropTech") company, today announced financial results for the quarter ended December 31, 2023. Revenue of S$42 million in the fourth quarter 2023 increased 4% year over year. Net profit was S$1 million in the fourth quarter an ...
PropertyGuru (PGRU) - 2023 Q3 - Earnings Call Transcript
2023-11-21 19:11
PropertyGuru Group Limited (NYSE:PGRU) Q3 2023 Results Conference Call November 21, 2023 7:30 AM ET Company Participants Nat Otis - VP, IR Hari Krishnan - CEO and MD Joe Dische - CFO Conference Call Participants Nick Jones - JMP Securities Operator Thank you for standing by, and welcome to the PropertyGuru Group Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, today's program will be recorded. If anyone objects, please disconnect now. Now let me introduce Nat Otis, VP of ...
PropertyGuru (PGRU) - 2023 Q4 - Annual Report
2023-11-21 11:14
Financial Performance - Total revenues increased by 13% year over year to S$39 million in Q3 2023, with revenues excluding Vietnam growing by 23%[12] - Adjusted EBITDA rose to S$5 million in Q3 2023, up from S$2 million in Q3 2022, resulting in an Adjusted EBITDA margin of 13.2%, compared to 5.8% in the prior year[8][14] - Revenue for the three months ended September 30, 2023, was S$39,121,000, up from S$34,565,000 in the same period of 2022, representing a growth of approximately 13.5%[43] - Adjusted EBITDA for the three months ended September 30, 2023, was S$5,153,000, an increase from S$2,012,000 in the same period of 2022, reflecting a significant improvement in operational performance[36] - For the nine months ended September 30, 2023, the company reported a net loss of S$16,369,000, a substantial reduction from a net loss of S$123,969,000 in the same period of 2022[43] - Cash provided by operations for the nine months was S$22,614,000, compared to a cash used in operations of S$15,723,000 in the prior year[47] - Net cash provided by operating activities was S$27,188,000, a turnaround from a net cash used of S$16,295,000 in the previous year[47] - The company recorded a fair value gain on warrant liabilities of S$3,338,000, compared to a loss of S$22,691,000 in the previous year[47] - The company incurred an impairment of intangible assets amounting to S$5,469,000, which was not present in the previous year[47] Market Performance - Singapore Marketplaces revenue increased by 24% year over year to S$23 million, with the number of agents growing over 200 to 16,309 and Average Revenue Per Agent (ARPA) rising by 23% to S$1,279[12] - Vietnam Marketplaces revenue decreased by 33% year over year to S$4 million, with the number of listings down 41% to 1.2 million, although Average Revenue Per Listing (ARPL) increased by 16% to S$3.37[12] - PropertyGuru maintains strong Engagement Market Share leadership in Singapore (83%), Malaysia (92%), Vietnam (80%), and Thailand (51%) as of September 30, 2023[16][17] Financial Position - Cash and cash equivalents at quarter-end were S$317 million, providing a solid financial position for future investments[12] - The company’s total assets as of September 30, 2023, were S$731,178,000, slightly down from S$739,397,000 as of December 31, 2022[45] - The company’s cash and cash equivalents increased to S$316,571,000 as of September 30, 2023, compared to S$309,233,000 as of December 31, 2022[45] - The company’s total liabilities as of September 30, 2023, were S$114,502,000, an increase from S$105,137,000 as of December 31, 2022[45] Future Outlook - The company projects full year 2023 revenue to be between S$148 million and S$152 million, with Adjusted EBITDA expected to remain between S$11 million and S$15 million[18] - The company plans to focus on market expansion and new product offerings to drive future growth, although specific targets were not disclosed[39] - The company acknowledges ongoing macroeconomic challenges, particularly in Vietnam and Malaysia, which may impact short-term results[19] Strategic Initiatives - The company continues to invest in property technology and Generative AI, with positive customer feedback on new solutions like DataSense and GuruPicks[4] - The restructuring cost related to the phase-out of the Indonesia marketplace was noted, indicating a strategic shift in operations[37] - The company emphasized the importance of non-IFRS measures like Adjusted EBITDA for evaluating ongoing operations and internal planning[31] Deferred Revenue and Interest - Deferred revenue increased to S$14,484,000 from S$6,683,000 year-over-year, indicating growth in customer commitments[47] - Interest received increased significantly to S$5,123,000 from S$276,000 in the prior year, reflecting improved cash management[47]
PropertyGuru (PGRU) - 2023 Q3 - Quarterly Report
2023-08-24 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number: 001-41330 PropertyGuru Group Limited PROPERTYGURU GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) / INCOME | | For the Three Months Ended June | | For the Six Months Ended | | | --- | --- | --- | --- | --- | | | 30, | | June 30, ...
PropertyGuru (PGRU) - 2023 Q2 - Earnings Call Transcript
2023-08-24 17:49
PropertyGuru Group Limited (NYSE:PGRU) Q2 2023 Results Conference Call August 24, 2023 8:00 AM ET Company Participants Nat Otis - VP of Investor Relations Hari Krishnan - CEO and Managing Director Joe Dische - CFO Conference Call Participants Nick Jones - JMP Securities Nelson Cheung - Citi Operator Thank you for standing by and welcome to the PropertyGuru Group's Second Quarter 2023 Earnings Conference Call. Currently, all participants are in a listen-only mode. As a reminder, today's program will be recor ...
PropertyGuru (PGRU) - 2023 Q1 - Earnings Call Transcript
2023-05-24 14:22
Great. And in each corner you provide this kind of great engagement market share by region. In the press release and I noticed Vietnam kind of jumped in about 8% from 4Qto 1Q. Can you speak to that? Is that -- are you kind of taking this [hold back] (ph) as an opportunity to try to invest and gain share in the region? I guess, could you speak to kind of what the jump was between 4Q and 1Q? Hari Krishnan Yes. I think to be honest, in our focus has been more on the product itself rather than paid marketing or ...
PropertyGuru (PGRU) - 2023 Q2 - Quarterly Report
2023-05-24 10:20
Exhibit 99.1 PropertyGuru Reports First Quarter 2023 Results Revenues Grew 16% Year Over Year in the First Quarter and Adjusted EBITDA was Positive Singapore – May 24, 2023 – PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading 1 , property technology ("PropTech") company, today announced financial results for the quarter ended March 31, 2023. Revenue of S$33 million in the first quarter 2023 increased 16% year over year. Net loss was S$10 million in the first ...