DTL.ASX: DTL reports solid result in line with guidance

DTL reports solid result in line with guidance

Stock	Data#3 Ltd (DTL.ASX)
Release Time	19 Feb 2025, 9:14 a.m.
Price Sensitive	Yes

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Data#3 reports solid result in line with guidance

Key Points

Gross Sales up 7.4% to $1.4 billion
Gross Profit up 10.0% to $143.6 million
NPAT up 4.3% to $22.4 million

Full Summary

Data#3 Limited (ASX: DTL) today announces its results for the half year ended 31 December 2024 (1H FY25). The company reported Gross Sales up 7.4% to $1.4 billion, Statutory revenue down 1.9% to $397.9 million, Gross Profit up 10.0% to $143.6 million, EBIT up 4.6% to $26.0 million, NPBT up 4.1% to $32.0 million (up 7.0% before one-off redundancy costs), and NPAT up 4.3% to $22.4 million. The company's Services business performed strongly, with gross sales from services up 19.3%, while Software Solutions delivered record gross sales of $975.6 million. Infrastructure Solutions gross sales declined 12.9%. Data#3 has a strong balance sheet with no borrowings and has declared an interim fully franked dividend of 13.10 cents per share, up 4.0% on the previous corresponding period. The company is well-positioned to continue delivering sustainable growth in FY25, with a growing market, pent-up demand for devices, and increased interest in multicloud solutions and AI.

Guidance

Data#3 expects the FY25 financial impact of the Microsoft incentive changes starting 1 January 2025 to be immaterial.

Outlook

Data#3 is well placed to continue to deliver sustainable growth in FY25, with a growing market, pent-up demand for devices, and increased interest in multicloud solutions and AI. The company has a proven track record of adapting to changes in vendor incentive programs with speed and agility.