• Gross Sales of $1.4B, up 7.4%
• Gross Profit of $143.6M, up 10.0%
• NPBT of $32.0M, up 4.1% (up 7.0% after adding back one-off restructuring costs)

Data#3 reported a strong 1H FY25 performance, with Gross Sales of $1.4B, up 7.4% on the prior corresponding period. Gross Profit increased 10.0% to $143.6M, with an improved overall gross margin of 10.2%. Profit before tax (NPBT) was $32.0M, up 4.1% (up 7.0% after adding back one-off restructuring costs of $0.9M). The company saw solid growth in recurring revenue streams, with Maintenance Services up 38.2% and Managed Services up 27.7%. Software Solutions also performed well, growing 11.4%, driven by demand for security products, cloud subscriptions and Adobe. Infrastructure Solutions was impacted by ongoing delays in customer decision making and a slower ramp in end user compute sales. The company maintained a strong cash position and continued to invest in its people, systems and sustainability initiatives. Looking ahead, Data#3 sees continued opportunities in areas such as cloud, security, data & analytics and managed services, supported by industry trends and its competitive advantages in expertise, partnerships and financial stability.

Data#3 does not intend to provide specific FY25 guidance. The company expects to continue delivering sustainable earnings growth for shareholders.

Data#3's Services businesses are expected to continue growing faster than the market, with Security solutions leading the way. The company is well-placed to deliver sustainable growth in FY25, benefiting from a growing market, pent-up demand for devices, and increased interest in multi-cloud solutions and AI.