• FY25 results exceeded guidance range for gross revenue and net operating profit before tax
• Total gross revenue of $3,876.0m, up 14.9% vs pcp, supported by growth in software business, PC refresh and infrastructure business
• Strong operating profit before tax uplift of 10.1% vs pcp, with PBT margin of 3.2%

Dicker Data Ltd reported strong FY25 results, exceeding guidance for gross revenue and net operating profit before tax. Total gross revenue was $3,876.0m, up 14.9% compared to the prior year, supported by growth in the software business, PC refresh and infrastructure business. Gross profit margin as a percentage of gross revenue was 9.0%, reflecting underlying demand and contribution from enterprise customers. Total operating costs excluding one-off costs (as a percentage of gross revenue) improved to 5.1% from 5.4% in the prior year. This resulted in a strong operating profit before tax uplift of 10.1% compared to the prior year, with a PBT margin of 3.2%. The company's Australian operations saw 17.2% growth in gross revenue, including over $45m in incremental new revenue from AI-specific deals. The New Zealand business grew gross revenue by 3.6% while increasing profit before tax by 37.2% and net profit after tax by 54.0%. The company's balance sheet remains strong, with net working capital days reducing from 41.8 to 34.8 and net debt decreasing by $12.8m to $293.0m despite total debt increasing. The company has reviewed its dividend policy and will transition to a revised payout framework of between 80% to 100% of NPAT, subject to cash and capital requirements.

FY25 guidance as provided at H1 FY25 (August 2025) was Gross Revenue of $3.7 - $3.8 billion and Net Operating Profit Before Tax of $120 - 124 million.

The company is focused on several key strategic initiatives, including scaling AI-enabled infrastructure demand, capturing the data centre refresh cycle, driving growth in software, cybersecurity and compliance, and positioning for SMB demand recovery. The company is also exploring organic international expansion, concentrating efforts on the ASEAN region.