• Sales revenue more than doubled, driven by increases in work on hand and project execution
• EBITDA increased by 227.7% to $9.81M, with PBT margin exceeding 7%
• Inaugural interim dividend declared, fully franked, to be paid on 4 April 2025

SKS Technologies Group Ltd has reported a strong 1H25 performance, with sales revenue more than doubling to $115.9M, driven by continued increases in work on hand and corresponding speed of project execution. Total expenses increased by 108.5%, largely driven by higher employee benefits, but the company's fixed cost base is able to support in excess of $300M in revenue. EBITDA increased by 227.7% from $2.99M in 1H24 to $9.81M in 1H25, while EBIT increased by 297.2% from $2.13M to $8.46M. The company's PBT margin exceeded 7%, which is the targeted, sustainable margin level ongoing for the business. SKS has also declared its inaugural interim dividend, fully franked, to be paid on 4 April 2025. The company's traditional business of converged AV/IT, electrical and communications networking has continued to grow strongly, increasing by 26.5% in 2024, while data centre revenue has grown to $31M, comprising 22.8% of FY24 sales revenue. Operating cash flows have increased 5x on the prior corresponding period, supporting the continuing rapid work on hand and revenue growth. SKS remains focused on both organic growth and opportunistic acquisitions, with a dual strategic focus on consolidation and growth. The company's tender pipeline has tripled since FY24 to $570M, with significant increases across multiple sectors including data centres, defence, aged care and healthcare, and retail.

FY25 revenue forecast at $260M, with a PBT margin of 7%. The company has a strong balance sheet to fund growth and an enhanced operating platform to support the rapidly accelerating pipeline.

SKS Technologies is positioned for both organic growth as well as opportunistic acquisitions, with a flexible growth strategy and a robust level of working capital and bank facilities to support expansion. The company's operating platform has been enhanced to provide optimal support as the business continues to grow rapidly across all market sectors, particularly in the high-growth data centre segment.