Significant growth in revenue and profit: VERTIKAL Group held its annual general meeting
VERTIKAL Group Plc., listed on the Budapest Stock Exchange’s Xtend platform, closed the 2024 financial year with nearly HUF 21 billion in revenue and approximately HUF 2.8 billion in EBITDA, according to the annual business report approved by the General Meeting. The company held its Annual General Meeting on April 25, during which shareholders approved the Board of Directors’ proposal to allocate the after-tax profit to retained earnings, in line with the Group’s growth objectives. Preparations for the transition to the Standard platform of BSE may now also begin.
The General Meeting approved VERTIKAL Group’s annual report for the 2024 financial year. According to the company’s audited financial statements prepared in accordance with the Accounting Act, net sales revenue increased by approximately 67.37%, rising from HUF 12.5 billion in 2023 to nearly HUF 21 billion in 2024. The General Meeting also decided on the issue of dividend payments: VERTIKAL achieved a net profit of over HUF 2.1 billion, which – aligned with its growth objectives – will be fully allocated to retained earnings.
In addition, shareholders voted on several strategic matters, including the initiation of preparations for the listing of the company’s ordinary shares on the Budapest Stock Exchange’s regulated Standard market. The General Meeting also approved the renewal of the Board of Directors’ authorizations for capital increase and the acquisition of treasury shares. Furthermore, a resolution was passed to launch an Employee Share Ownership Program (ESOP), strengthening employee engagement in the company’s long-term success.
VERTIKAL Group achieved significant growth in 2024. Under Hungary’s waste management concession system, the company provides comprehensive services across several regions, from public waste collection to treatment. A HUF 2.5 billion technological investment was also completed at the company’s Dombóvár production facility, which significantly reduces the energy required per unit of production, thereby contributing to lower environmental impact. In addition, the company launched a new R&D project in 2024 focused on developing specialized components made from recycled materials.
VERTIKAL listed its shares on the BSE Xtend platform in January 2023. To further expand its capital market presence, the company aims to fulfill the requirements for entry into the BSE Standard category by 2025, thereby elevating its public operations and strengthening investor relations to a new level.
