• Revenues up 370% to $13.5 million
• Loss after tax up 43% to $2.5 million
• Cyber security, IT consulting, and digital forensics services driving growth

Excite Technology Services Limited, an ASX-listed provider of cyber security, IT consulting, digital forensics and training services, has reported its half-year results for the period ended 30 September 2025. The company recorded a 370% increase in revenues to $13,538,409, though loss after tax also rose 43% to $2,509,129. This reflects an expected increase in expenses from restructuring operations and associated termination payments, as well as the scaling of the new business, but is offset by significant improvements in cash flow management and revenue growth prospects. The Digital Forensics & Training division delivered an outstanding half, closing over $7.9 million in sales contracts, including a $1.485 million Federal Government engagement and multi-year renewals with law-enforcement and border-protection agencies. The Cyber Security division deepened its penetration of critical infrastructure and enterprise clients, securing new managed detection and response, CISO-as-a-Service, and operational-technology resilience contracts. The IT & Managed Services business maintained its role as the Group's recurring-revenue engine, highlighted by the renewal and expansion of the Keyton Retirement Living contract to a two-year $2.14 million agreement. Management's priority for the next 12 months is driving managed-services recurring revenue toward a $20 million+ annualised run-rate, refining cost structures and delivery efficiency to deliver cash-flow positivity in the second half of FY2026, and strengthening the sales organisation through imminent senior leadership appointments.

Excite remains committed to its vision of a Safe Australia and is now firmly positioned as one of the leading ASX sovereign provider of end-to-end cyber security, managed IT, and digital forensics services. Management's clear priority for the next 12 months is disciplined execution: driving managed-services recurring revenue toward a $20 million+ annualised run-rate, refining cost structures and delivery efficiency to deliver cash-flow positivity in the second half of FY2026, and strengthening the sales organisation through imminent senior leadership appointments.