• Revenue of $34.78m
• Gross profit up 3% to $6.99m
• Net profit after tax up 29% to $3.44m
• Interim dividend of 5 cents per share

HiTech Group Australia Limited (HIT.ASX) has delivered a record first half profit result, with strong financial performance across key metrics. Revenue for the period was $34.78m, up 2% on the previous corresponding period (pcp). Gross profit increased 3% to $6.99m, with a gross profit margin of 20%. EBITDA rose 8% to $4.49m, representing an EBITDA margin of 13%. Net profit before tax was $4.73m, up 14% on pcp, while net profit after tax increased 29% to $3.44m. The company has declared an interim dividend of 5 cents per share, fully franked. HiTech's cash balance at the end of the period was $9.7m, and its net tangible assets per share increased 32% to 25 cents. The company is strategically positioned to address the ongoing demand for ICT talent and services, with a robust financial standing, long-term supplier agreements, and a focus on high-margin business. HiTech is actively pursuing new opportunities across the federal and state government sectors, where critical ICT programs continue. The company remains committed to delivering long-term value for shareholders and will explore avenues for sustainable growth.

HiTech expects to maintain its strong financial performance, with continued demand for ICT talent and services driving sustained revenue and profit growth. The company is well-positioned to capitalize on opportunities in the government sector, where critical IT programs of work require substantial technological expertise.

HiTech remains focused on delivering long-term value for shareholders and will continue to explore avenues for sustainable growth, including regional expansion and targeted acquisitions, in alignment with market demand.