Operating EBITDA, which includes contributions from equity-accounted associates Zameen and PakWheels in Pakistan, rose 102% to A$5.0 million
SYDNEY: Frontier Digital Ventures Ltd. (FDV), a leading operator of online classifieds marketplaces in emerging markets, reported a record statutory EBITDA of A$3.2 million for the first half of 2025, up 71% from the prior-year period, despite a 5% decline in statutory revenue to A$33.3 million.
The company attributed the earnings surge to margin expansion and disciplined cost control across its three regional platforms—360 LATAM, MENA Marketplaces Group (MMG), and FDV Asia—all of which were free cash flow positive during the period.
Operating EBITDA, which includes contributions from equity-accounted associates Zameen and PakWheels in Pakistan, rose 102% to A$5.0 million. FDV’s associates delivered a combined EBITDA of A$1.9 million, up 191% year-over-year, driven by strong performance in automotive and property verticals.
FDV’s LATAM operations saw mixed results. Encuentra24, Yapo, and Fincaraíz posted double-digit EBITDA margin gains, while InfoCasas revenue fell 56% following the termination of low-margin business lines. MMG’s EBITDA more than doubled, supported by growth in Morocco’s Avito Group and Tunisia’s Tayara. FDV Asia posted a 48% revenue increase, led by Myanmar’s iMyanmarHouse and the Philippines’ Autodeal.
Group operating expenses fell 10% to A$30.1 million, reflecting reductions in production and infrastructure costs. The company also booked a A$0.5 million provision related to misappropriation of funds at Fincaraíz.
FDV said its strategic focus remains on high-margin classifieds, operational efficiency, and extending market leadership across its portfolio of brands.