Key points
- Net profit after tax up 21% to $17.9 million
- Group EBITDA increased by 6% to $56.2 million
- Cloud Services & Government, Data Centres segments see revenue growth
Full summary
Macquarie Technology Group Limited has reported a net profit after tax of $17.9 million for the half-year ended 31 December 2024, up 21% from the prior comparable period. The Group's earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 6% to $56.2 million. Consolidated revenue and other income grew by 1% to $183.6 million. The Cloud Services & Government segment contributed revenue and other income of $103.9 million, an increase of 1%, and EBITDA of $25.6 million, up 4%. The Data Centres segment reported revenue and other income of $39.5 million, an increase of 15%, and EBITDA of $18.1 million, up 5%. The Telecom segment saw a 6% decrease in revenue and other income to $57.4 million, but EBITDA increased by 12% to $12.5 million. The Group's cash flow conversion from EBITDA was 105%, with net cash flows from operating activities of $40.9 million. The company paid income tax of $20.3 million during the period.
Guidance
The Group has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.