FY 2017 was a year of consolidation after transformation in FY 2016, establishing the profitability and driving higher margins from the new scale. The results beat expectations of both revenue and earnings on the back of strong demand for .vip premium inventory; attaining $3.1m adj. PBT and a $2.1m exceptional gain on gTLD auctions. FY 2018 sees another impressive step forward with a $40m acquisition of ICM, a profitable and cash-generative niche ‘adult’ TLD registry.