1H25 Release Announcement
| Stock | Hansen Technologies Ltd (HSN.ASX) |
|---|---|
| Release Time | 19 Feb 2025, 8:40 a.m. |
| Price Sensitive | Yes |
Hansen Outlook Strong, Reaffirming FY25 guidance
- 6.1% increase in operating revenue, reaffirmed full year guidance
- Expects stronger 2H25 due to timing of licence fees and major upgrade projects
- Signed A$50m 5-year agreement with VMO2 in UK
Hansen Technologies Limited (ASX: HSN), a leading provider of industry-specific software products and expertise, today announced a 6.1% increase in operating revenue, and reaffirmed its full year guidance. The Group expects the second half of 2025 will be significantly stronger than the first half due to the timing of licence fees and major upgrade projects. On 3 February 2025, Hansen announced a A$50m five-year master agreement with VMO2, a communications joint venture between Telefónica and Liberty Global in the UK which has contributed $15m of licence fee revenue in the 2H25. The Group's revenue is diverse across geography, currency, product and industry with no single customer making up more than 8% of revenue. Customer churn rates remain consistently low, and the customer base is largely tier 1 and 2. The rapid transformation in both the Energy & Utilities and Communications & Media industries is creating opportunities for organic growth across both verticals. Underlying EBITDA for 1H25 was A$38.1m, which represents a decrease of 26.9% when compared to 1H24. Cash EBITDA for 1H25 was A$29.1m which represents a decrease of 37.0% when compared to 1H24. This decline was anticipated and largely driven by lower margin licence fees, customer delays in upgrade works, and investment in growing the sales and accounts management teams. The Group continues to expect significant potential upside in Germany as the energy market transforms, and has reinforced its commitment to innovation with a strategic investment in Dial AI, a Vancouver-based artificial intelligence company.
Revenues: A$398m - $405m Underlying EBITDA: A$92m - $101m Cash EBITDA: A$76m - $85m Underlying EBITDA margin: 23-25% Cash EBITDA Margin: 19-21%
Industry tailwinds from both Hansen verticals are driving increased demand for the Group products and services globally. The Group is optimistic about its earnings potential for 2H25 and beyond.