The company continued momentum in Q3 2024 across revenue (+53% YoY to ¥13 billion), gross profit (+46% YoY to ¥4.7 billion), operating profit (+¥486 million YoY to ¥708 million) and adjusted EBITDA (+¥572 million YoY to ¥1 billion); The company has made an upward revision to its earnings forecast for profit indicators 

Mumbai/Singapore – November 16, 2024 – AnyMind Group [TSE:5027], a BPaaS company for marketing, e-commerce and digital transformation, has today announced its financial results for the third quarter of fiscal year 2024. Please see below some highlights pertaining to the company’s Q3 2024 earnings disclosure.

• Revenue grew 53% year-on-year (YoY) to ¥13 billion; gross profit increased by 46% YoY to ¥4.7 billion
• Operating income rose by ¥486 million YoY to ¥708 million; adjusted EBITDA increased ¥572 million YoY to ¥1 billion
• Gross profit growth continued momentum across the company’s three main business units: Marketing Platforms (+33% YoY to ¥2.2 billion), Partner Growth Platforms (+56% YoY to ¥1.6 billion), and D2C and E-Commerce Platforms (+65% YoY to ¥932 million)
• AnyMind Group’s two most recently acquired companies have shown strong YoY net sales and gross profit uplift post-merger. During the period of April to September 2023 and April to September 2024,
  • Digital Distribusi Indonesia grew net sales by 111% and gross profit by 124%
  • Arche Digital grew gross sales by 40% and gross profit by 50%
• The company has also announced a second upward revision to its full-year earnings forecast, originally announced in February 2024 and revised upwards in August 2024. This includes:
  • An operating profit forecast increase of ¥450 million (+23%) to ¥2.4 billion
  • A net income attributable to owners of the parent increase of ¥230 million (+17%) to ¥1.58 billion
  • Revenue and gross profit forecasts remain unchanged

Further information can be found on the company’s investor relations site, along with disclosure materials: Q3 2024 earnings presentation and Q3 2024 financial report.

About AnyMind Group

Founded in April 2016, AnyMind Group [TSE:5027] is a Business-Process-as-a-Service company for marketing, e-commerce and digital transformation. The company provides two broad offerings to brands and businesses, publishers and influencers: Brand Commerce and Partner Growth. Brand Commerce provides businesses with the company’s platforms for manufacturing, e-commerce enablement, live commerce marketing, logistics and AI utilization, whilst Partner Growth provides web and mobile app publishers along with influencers and content creators with platforms for monetization and optimization. AnyMind Group has over 1,800 staff across 24 offices in 15 markets, including Singapore, Thailand, Indonesia, Vietnam, Cambodia, Malaysia, the Philippines, Hong Kong, Taiwan, Mainland China, Japan, India, the United Arab Emirates, South Korea, and Saudi Arabia.

About BPaaS

Business-Process-as-a-Service (BPaaS) is a business model that merges and creates an additional layer of value on top of Software-as-a-Service or SaaS (software-centric) and Business Process Outsourcing or BPO (operations-centric), by providing greater flexibility and scalability to the entire business process lifecycle. Through BPaaS, enterprises can tap into agile and adaptive end-to-end process lifecycle management through a combination of technology and operations teams that leverage on local and regional best practices, for the designing, development, implementation, optimization, and automation across the business process.