HIT H1FY25 Results Summary

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Stock Hitech Group Australia Ltd (HIT.ASX)
Release Time 17 Feb 2025, 11:55 a.m.
Price Sensitive Yes
 HiTech Group Australia Ltd reports record H1 FY2025 results
Key Points
  • Net Profit Before Tax increased by 14% and EBITDA by 8%
  • Fully franked 5 cents per share dividend declared
  • Strong cash reserves and zero debt provide leverage for growth opportunities
Full Summary

HiTech Group Australia Limited ('HiTech' or 'the Company') has released its half-yearly results for the financial year 2025, reporting strong performance across key metrics. For the first half of FY2025, the consolidated entity achieved revenue of $34.78m, with gross profit increasing by 3% to $6.99m and a gross profit margin of 20%. EBITDA grew by 8% to $4.49m, representing a statutory EBITDA margin of 13%. Net profit before tax increased by 14% to $4.73m, while net profit after tax rose by 29% to $3.44m. The company has also declared an interim dividend of 5.0 cents per share, fully franked. HiTech's financial position remains robust, with a cash balance of $9.7m and zero debt, providing the company with the leverage to pursue growth opportunities, including regional expansion and targeted acquisitions. CEO and Managing Director, Elias Hazouri, commented that HiTech is strategically positioned to address the ongoing demand for ICT talent and services, with the company managing multiple active client mandates and actively pursuing new tender opportunities across federal and state government sectors.

Guidance

For the first half of FY2025, HiTech Group Australia Ltd reported a 14% increase in Net Profit Before Tax and an 8% rise in EBITDA.

Outlook

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