• uEBITDA* of $11.0m versus $1.7m in the prior comparative period
• Revenue* of $102.4m versus $90.9m in the prior comparative period
• Cyber Security revenue up 58% to $29.5m with 23% (FY24: 18%) uEBITDA margin

Spirit Technology Solutions Ltd reported a solid FY25 performance, with uEBITDA of $11.0m, up from $1.7m in the prior year. Revenue increased to $102.4m, up from $90.9m in the prior year. The Cyber Security division was the standout, with revenue up 58% to $29.5m and a uEBITDA margin of 23% (FY24: 18%). The Secure Managed Technology division also returned to profitability, contributing $0.3m in uEBITDA compared to a loss of $4.6m in the prior year. The Cloud and Communications division saw its uEBITDA increase by 18% to $7.7m. The company completed the acquisition of Forensic IT during the year, which has enhanced its cyber security capabilities and created opportunities for cross-selling. Overall, the company has streamlined and refocused its solutions portfolio, with all business segments expected to accelerate profitability in FY26.

Improved profitability expected in uEBITDA in FY26, with Cyber Security set to be the largest earnings contributor. Margin accretion opportunities from Cyber Security's expanded offerings and scale, and positive earnings contributions expected from all segments, including accelerated profit by Secure Managed Technology.

Cyber-first strategy delivering growth, with momentum expected to continue over a three-year period and a growing pipeline through FY26. Spirit Group to pursue both organic and inorganic growth as it strengthens its position as one of Australia's leading providers of cyber security and secure managed technology solutions.