Appendix 4E

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Stock Dicker Data Ltd (DDR.ASX)
Release Time 27 Feb 2025, 9:51 a.m.
Price Sensitive Yes
 Dicker Data reports FY2024 results
Key Points
  • Statutory revenue up 0.7% to $2.28 billion
  • Gross sales up 2.9% to $3.37 billion
  • Net profit after tax down 4.2% to $78.7 million
  • Dividend of 44 cents per share declared
Full Summary

Dicker Data Limited has reported its financial results for the year ended 31 December 2024. Statutory revenue for the consolidated entity was $2,283.0 million, up 0.7% from the previous year. Gross sales, which represent the gross proceeds from sale of goods and services, both as agent and principal, were $3,362.8 million, up 2.9%. At a country level, gross sales for Australia were $2,802.0 million, up 3.0%, and for New Zealand were $560.8 million, up 1.9%. Gross profit for the reporting period was $324.2 million, up 2.8%, with gross profit margins improving to 14.2% from 13.9% in the previous year. Operating expenses (excluding one-off costs) were $182.4 million, up 6.0%, with an increase in salary-related expenses and bad debts. Statutory profit before tax was $113.2 million, down 2.8%, and net profit after tax was $78.7 million, down 4.2%. Weighted average earnings per share were 43.6 cents, down 4.4%. The company declared a total dividend of 44 cents per share for the year.