Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Excite Technology Services Ltd (EXT.ASX) |
|---|---|
| Release Time | 31 Jul 2025, 1:44 p.m. |
| Price Sensitive | Yes |
Excite Technology Services Ltd reports record quarterly results
- Highest-ever quarterly customer receipts of $6.30M, a 15% increase from March and nearly 300% up on the prior comparable period
- Digital Forensics division secures $676K Federal Government contract; closes over $3M in sales in June alone
- Construction of NANGU Tactical Centre completed
Excite Technology Services Limited (Excite or the Company) (ASX:EXT) is pleased to provide the following quarterly activities report and Appendix 4C for the quarter ended 30 June 2025. The results for the Excite Group (the Group) reflect contributions across its core Cyber Security, IT Services, and Digital Forensics & Training business units, including the ongoing consolidation of the CBIT Pty Ltd Digital Forensics Group (CDFS). Customer receipts increased to $6.30M, up from $5.48M in the March quarter and nearly tripling the result from the June 2024 quarter. This growth was supported by increased contract wins, recurring services, and higher billings across all business lines. The Digital Forensics and Training business delivered a standout quarter, securing a major $676K contract with a Federal Government agency and closing approximately $3M in sales during June alone. Construction of the NANGU Tactical Centre was also completed during the quarter. The Group successfully raised $3.0M (before costs) through the placement of 250 million fully paid ordinary shares at $0.012, providing working capital to scale sales operations and support investment in the NANGU Tactical Centre. Excite remains focused on achieving sustainable cash flow positivity in future quarters through prudent cost management and revenue expansion via organic growth.
The Group continues to assess M&A opportunities that align to the company strategy. While no formal agreements have been entered into, potential targets are selected based on their ability to contribute to the Group's EBITDA and operational cash flows while aligning with its long-term growth strategy.
Excite is well-positioned to continue its trajectory as a leading Australian provider of technology, cyber, and digital forensics services. As market conditions soften and economic volatility persists, more organisations are seeking trusted partners to outsource their cyber capability, which Excite is well-positioned to capture.