Half Yearly Report and Accounts
| Stock | Hitech Group Australia Ltd (HIT.ASX) |
|---|---|
| Release Time | 23 Feb 2026, 3:28 p.m. |
| Price Sensitive | Yes |
HiTech Group Australia Ltd Reports Solid H1 FY2026 Profit
- Revenue of $33.64m
- Gross Profit of $4.92m
- EBITDA of $3.03m, EBIT of $2.99m, Net Profit After Tax of $2.04m
- Interim dividend of 4.5 cents per share
- Cash Balance (zero debt) of $10.5m, NTA of 27 cents per share
HiTech Group Australia Limited ('HiTech' or 'the Company') has reported a solid first half FY2026 profit result, with revenue of $33.64m, gross profit of $4.92m, EBITDA of $3.03m, EBIT of $2.99m, and net profit after tax of $2.04m. The company declared an interim dividend of 4.5 cents per share, up from 5 cents per share in the previous corresponding period. HiTech maintained a strong cash balance of $10.5m with zero debt, and its net tangible asset (NTA) per share increased by 8% to 27 cents. The company remains strategically positioned to meet the continued demand for ICT talent and services, with multiple active client mandates, including Defence preferred supplier engagements, and is actively pursuing new tender opportunities across federal and state government. HiTech has taken decisive steps to safeguard margins by securing new agreements with major clients, reducing both fixed and variable costs, and sharpening its focus on departments and agencies where margin stability and revenue quality remain attractive. The company's strong financial footing and long-term supplier agreements continue to underpin its competitive edge, and it is well-positioned to capitalize on emerging growth opportunities, including organic investment to expand into new markets or adjacent industries, as well as inorganic growth via potential acquisitions.
HiTech Group Australia Ltd has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance in the announcement.
HiTech Group Australia Ltd remains committed to delivering long-term value for shareholders and will continue to explore avenues for sustainable growth in alignment with market demand. The company is currently delivering on multiple active client mandates, including Defence preferred supplier engagements, and is actively pursuing new tender opportunities across federal and state government, where critical ICT programs continue to drive demand.