ANNUAL REPORT : 2024/2025
A Year in Numbers
With a continued focus on business agility and productivity improvements, Mambourin has had a year of change, resulting in a decrease in revenue and expenditure. However, this has had a minimal impact on the organisation’s surplus. The business review undertaken required an honest and transparent approach through all areas of the organisation to position Mambourin for growth and sustainability into the future. In a sector under pressure, where many providers are struggling to remain viable, Mambourin ended FY 2024/25 with a solid operating surplus of $1M, representing a 5% surplus. A decrease in operating revenue on the previous year was largely attributable to management’s decision to undertake internal restructures and reinvestment in property. This was offset with tight controls on expenditure, delivering a solid surplus and EBITDA.
Despite facing several setbacks—such as changes in NDIS plan reassessments, lower- than-expected NDIS funding indexation and changes in pricing rules introduced in October 2024—the organisation maintained strong fiscal discipline with a focus on strategic investment and service delivery efficiencies. The balance sheet remains strong, with total assets stable at $21.2M and liabilities reduced by 12% through a renewed focus on reducing debt and employee leave provisions. In addition, further supporting the repositioning of the organisation, reinvestment in our buildings and systems saw capital expenditure of $1.17M during FY24/25. This supports our objective to improve services for our participants. Looking forward to the next 12 months, the focus on improving business efficiencies through the program and workforce restructures delivered in FY24/25 is expected to deliver a stronger and more sustainable financial position in FY25/26.
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