• Sales revenue more than doubled to $115.94 million
• Profit before tax increased by 359.6% to $8.37 million
• Work on hand reached $174 million, up 102.3%
• Interim dividend of 1.0 cent per share declared

SKS Technologies Group Ltd has announced its financial results for the first half of the 2025 financial year, which show material increases in earnings compared to the previous corresponding period. The company's sales revenue more than doubled to $115.94 million, representing 85.1% of the full-year FY24 sales revenue. Profit before tax increased by 359.6% to $8.37 million, while profit after tax rose by 217.2% on 1H24 and 87.2% of the previous full year. The company's work on hand increased to $174 million at the end of the half, up 102.3% on 1H24, with a strong pipeline of tenders, particularly in the data centre market. Cash flows from operations increased by a multiple of 5 to $18.99 million, and net cash flows increased by more than 18 times to $16.26 million. The company has paid down all debt and has no long or short-term borrowings, with the ability to rely on bank facilities and internal cash reserves to fund its rapid growth. Given the stellar performance, the Board has declared the company's first interim dividend of 1.0 cent per share, fully franked, payable on 4 April 2025. The outlook for the business remains promising, with increasing demand in open tenders and a strong presence across all market sectors. The company is forecasting full-year revenue for FY25 of $260 million on a before-tax margin in the vicinity of 7%.

The company is forecasting full-year revenue for FY25 of $260 million on a before-tax margin in the vicinity of 7%.

The outlook for the business remains promising, with increasing demand in open tenders, which has risen by $216 million from $354 million in August 2024 to $570 million, as well as a strong and established presence in all markets in which the business operates.