• Gross revenue up 15.7% to $1.8b, driven by accelerated PC refresh and AI deals
• EBITDA up 9.4% to $75.4m, with strong profit before tax uplift of 13.3%
• Interim dividends of 22.0 cps, with DRP to continue in FY25

Dicker Data has reported its H1 FY25 results, highlighting strong financial performance across the group. Total gross revenue increased 15.7% year-on-year to $1.84b, driven by accelerated PC refresh activity and the materialisation of significant AI-driven deals. Gross profit margin was 9.1%, reflecting a shift in business mix to lower margin enterprise customers. EBITDA grew 9.4% to $75.4m, with a 13.3% uplift in profit before tax to $57.6m. The company's Australian operations saw 18% gross revenue growth, including over $30m from large-scale AI deployments, while New Zealand grew 5.2%. Dicker Data has paid fully franked interim dividends of 22.0 cps for H1 FY25, with the company intending to continue quarterly interim dividend payments throughout the year. The DRP will be retained for FY25. The company highlighted key strategic initiatives around AI, the Windows 10 refresh opportunity, and cybersecurity, underpinned by strong market tailwinds. Dicker Data has provided FY25 guidance for gross revenue between $3.7b and $3.8b, representing 10-13% growth, and net operating profit before tax between $120m and $124m, equating to a PBT margin of 3.2-3.4%.

Gross Revenue: between $3.7 billion and $3.8 billion, reflecting full year growth between 10% - 13% versus FY24; and Net Operating Profit Before Tax (PBT): between $120 million - $124 million reflecting PBT margin of approximately 3.2% - 3.4%.

As the year progresses, revenue growth is expected to moderate due to stronger PCP comparisons. Profitability growth is expected to strengthen against a softer PCP baseline, and as the company rebalances towards its historical revenue composition, with increased contribution from the SMB and mid-market segments.