Preliminary Final Report
| Stock | Hitech Group Australia Ltd (HIT.ASX) |
|---|---|
| Release Time | 14 Aug 2025, 11:05 a.m. |
| Price Sensitive | Yes |
HiTech Reports 10% Increase in Underlying NPAT for FY2025
- Operating revenue up 7.1% to $68.15M
- Underlying EBITDA up 1.3% to $8.99M
- Underlying NPAT up 10.0% to $6.64M
- Strong balance sheet with zero debt and $9.65M cash
HiTech Group Australia Ltd, a leading provider of ICT recruitment and contracting services, has reported a solid financial performance for the year ended 30 June 2025. The company's operating revenue increased by 7.1% to $68.15 million, compared to $63.64 million in the previous corresponding period. Underlying EBITDA rose by 1.3% to $8.99 million, while underlying net profit after tax (NPAT) grew by 10.0% to $6.64 million, up from $6.03 million in the prior year. The company maintained a strong balance sheet, with zero debt and a positive cash balance of $9.65 million. Net Tangible Assets (NTA) per share increased by 20% to 27 cents, up from 22 cents in the previous year. HiTech's core business of placing ICT contractors and providing recruitment services to the public and private sectors continued to perform well, with several IT infrastructure and digital/cyber security transformation projects driving strong demand for specialist talent. The company remains well-positioned to take advantage of the improving conditions in the ICT recruitment and services sector, and is actively seeking to win new business, increase profitability, and manage operating costs effectively. HiTech is also exploring potential EPS-accretive acquisitions to further strengthen its market position.
For the financial year ended 30 June 2025, the consolidated entity's results include: operating revenue of $68,151,746, an increase of 7.1% over the previous corresponding period; underlying EBITDA of $8,998,295, an increase of 1.3% over the previous corresponding period; and underlying NPAT of $6,636,843, an increase of 10.0% over the previous corresponding period.
HiTech remains fully prepared to take advantage of improving demand in the ICT recruitment and services sector. The company is working towards winning new business, increasing profit, and ensuring that operating costs are kept to a minimum. HiTech is also actively seeking EPS-accretive acquisitions to further strengthen its market position.