Huuuge Q4 Net Profit At $18.5 Mln

April 17 (Reuters) - Huuuge Inc HUGP.WA:

• REPORTED ON WEDNESDAY Q4 ADJUSTED EBITDA AT $24.8 MILLION

• Q4 NET PROFIT AT $18.5 MILLION

• Q4 REVENUE AT $61.7 MILLION

• Q4 OPERATING RESULT AT $18.7 MILLION

• THE COMPANY VIEWS CASH AS A STRATEGIC ASSET AND WILL PRIORITIZE INVESTMENTS IN GROWTH OVER SHARE BUYBACK PROGRAMS

• WHILE M&A OPPORTUNITIES CONTINUE TO EMERGE, HUUUGE MAINTAINS A HIGHLY SELECTIVE APPROACH — FOCUSED ON HIGH-IMPACT, STRATEGICALLY ALIGNED ACQUISITIONS NOT DRIVEN BY DEADLINES

• HUUUGE’S DIRECT-TO-CONSUMER (DTC) SEGMENT CONTINUED ITS STRONG GROWTH TRAJECTORY IN 2024, WITH ANNUAL REVENUE REACHING A RECORD $29.9 MILLION — NEARLY DOUBLE THE LEVEL FROM 2023

• THE MOMENTUM CARRIED INTO EARLY Q1 2025, WITH DTC ACCOUNTING FOR 21% OF TOTAL REVENUE IN MARCH