Bragg also reiterated its 2025 outlook, which includes double-digit revenue growth, expanded profit margins and increased operational leveraged.
It follows the business’ share price slumping approximately 30% in the aftermath of its strategic review, which resulted in Bragg stating it aimed to continue as an independent public company.
Matevž Mazij, Bragg chief executive, said: “We remain committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives.
“While the strategic review process has concluded, our dedication to pursuing these objectives heading into 2025 remains unchanged.”
Mazij added the strategic review process had itself given important insights about what factors potential acquirers prioritise when crafting bids.
Bragg outlines four key focuses for 2025
Key focus areas going forward will include stronger cash generation, increased revenue diversification, accelerated proprietary content growth, and enhanced margins.The CEO argued these are tangible and actionable targets that have been at the heart of the business’ strategic initiatives, and that they are achievable under its 2025 plans.
Mazij added: “These concrete objectives, combined with our ongoing commitment to explore opportunities that could provide meaningful liquidity events for our investors, strengthen our position.
“As insiders, we clearly see the potential to see this value realized in 2025.”
Bragg added it is currently exploring a robust pipeline of opportunities that is anticipated to drive strong momentum entering into the new year.
The company emphasised this outlook remains positive, with formal guidance to be issued in early 2025.
The provider first formed a special strategic review committee to explore a potential sale in March.
This followed a November 2023 investor open letter which expressed frustration with the business’ persistently low valuation.
