IDT delivered a robust QQ4 2024 and completed a strong fiscal year, highlighted by a record level of adjusted EBITDA and continued profitable performance across its three segments. Fintech — led by BOSS Money and NRS Pay initiatives — reached its first quarter of positive cash flow, while net2phone demonstrated meaningful top-line growth and margin expansion through customer additions and migration to IDT’s own platform. The Traditional Communications segment began to exhibit improved economics as cost-reduction initiatives and pricing actions attenuated the decline of legacy businesses. Management framed 2025 as a continuation of this momentum with a target of sustaining EBITDA at or above the recently achieved levels and further cash-generation, while reinvesting in growth initiatives and returning value to shareholders. IDT ends QQ4 2024 with a conservative but constructive balance sheet, net debt negative by roughly $163 million (cash greater than debt), and a liquidity posture supported by approximately $255 million in cash at period end. This multi-pronged growth and cash-generation trajectory underpins a constructive long-term investment thesis, particularly if the group can sustain or accelerate EBITDA growth from Fintech, while gradually stabilizing the Traditional segment through ongoing efficiency programs.