Donaco International Limited (ASX:DNA) Reports Q3 FY2025 Results and Announces Share Acquisition Scheme
Scheme Implementation Deed
Donaco International Limited has entered into a Scheme Implementation Deed with On Nut Road Limited (ONR) to acquire all remaining shares in Donaco via a Scheme of Arrangement for a cash consideration of A$0.045 per share. The Donaco Board unanimously recommends shareholders vote in favour of the Scheme at the upcoming Scheme Meeting, citing a 54.10% premium to the 90-day volume-weighted average share price.
Financial Performance
For the March quarter ended 31 March 2025, Donaco reported a Group net revenue of A$10.03 million, down from A$10.90 million in the December quarter. EBITDA declined to A$4.10 million from A$5.77 million. The Star Vegas operation in Cambodia saw a net revenue decrease to A$6.28 million and an EBITDA of A$3.48 million. Aristo International Hotel in Vietnam maintained steady revenue of A$3.75 million with an EBITDA of A$2.31 million. The company’s cash position increased to A$39.98 million as of 31 March 2025.
Executive Comments
Non-Executive Chairman Mr Porntat Amatavivadhana stated, “Despite continuing to report robust visitation numbers and applying stringent financial management, the operating environment proved challenging in the March quarter. The Board believes On Nut Road Limited’s offer provides compelling value to Donaco shareholders.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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