1H FY25 Results date and Preliminary Results update
| Stock | Atturra Ltd (ATA.ASX) |
|---|---|
| Release Time | 18 Feb 2025, 2:24 p.m. |
| Price Sensitive | Yes |
Atturra delivers strong H1 FY25 earnings growth
- Unaudited revenue in the range of $140m - $142m, up 26-28% on the prior corresponding period
- Underlying EBITDA in the range of $13.2m - $13.8m, up 19-24% on the prior corresponding period
- Unaudited EBIT in the range of $6.5m - $6.8m, up 23-28% on the prior corresponding period
Atturra Limited (ASX: ATA), a leading technology services business, has announced an update on its expected results for the half year ended 31 December 2024 (H1 FY25). The company expects unaudited consolidated revenue to be in the range of $140m-$142m for H1 FY25, a record for the Company and an increase of 26-28% on the prior corresponding period (pcp). Underlying EBITDA for H1 FY25 is expected to be in the range of $13.2m-$13.8m, an increase of 19-24% on the pcp. The unaudited EBIT for H1 FY25 is expected to be in the range of $6.5m-$6.8m, an increase of 23-28% on the pcp. The company has also provided updated guidance for FY25, with revenue expected to be between $305m-$320m and Underlying EBITDA of $31m-$34m. The change in the range of Underlying EBITDA guidance has been driven by factors such as revenue recognition for a major project, additional unforecast risk in Federal Government work, and Atturra bidding on strategic multi-year contracts. The company continues to see strong demand across its other segments and is seeing ongoing demand for some of its new offerings, including the hosted Atturra Cloud Platform for Boomi.
For FY25, revenue is expected to be between $305m-$320m, and Underlying EBITDA is expected to be $31m-$34m.
Atturra's outlook into FY26/27 is positive, reflected by 3 major customer pursuits currently in flight in which Atturra is investing over $1m over the next 8 months.