Daily Roundup

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Hansen Technologies Reports Stellar FY25 Results

Hansen Technologies (ASX: HSN) has delivered another year of impressive financial performance, with revenue increasing by 11.2% to $392.5 million and underlying EBITDA growing by 20.9% to $111.7 million in FY25. The company's statutory net profit after tax also surged by 105.7% to $43.3 million, driven by operational improvements and strategic acquisitions.

Highlights from Hansen's results include a 43.3% rise in underlying net profit after tax to $56.9 million, as well as the acquisition of Hansen Technologies Holdings Canada Inc. and a 30% stake in Canadian AI firm Dial AI. The company also invested heavily in R&D and AI capabilities to enhance its industry-leading software solutions.

Looking ahead, Hansen remains focused on organic growth, with a target of 5-7% revenue expansion over the medium-term. The company also aims to maintain an underlying EBITDA margin of 30% or above through disciplined cost management. Hansen sees strong tailwinds in both the Energy & Utilities and Communications & Media sectors, driven by trends like renewable energy transitions and the evolution to 5G and IoT.

Smart Parking Accelerates Global Expansion with Record FY25 Results

Smart Parking Ltd (ASX: SPZ) has reported a transformational year, with revenue up 41% to $77.3 million and adjusted EBITDA increasing 47% to $20.5 million in FY25. This strong performance was underpinned by organic growth, the successful $56.9 million acquisition of Peak Parking in the US, and the company's expansion into new international markets like Denmark and Germany.

Smart Parking grew its global ANPR site footprint by 26% to 1,799 sites, with the US acquisition delivering over 25% accretion. The company maintains a robust balance sheet with $12.7 million in cash, positioning it well to fund ongoing organic expansion and targeted M&A.

Looking ahead, Smart Parking is targeting 3,000 global ANPR sites by the end of 2028, representing a 30% long-term growth CAGR. The outlook for FY26 is positive, with the full-year contribution from new sites added in FY25 and the Peak Parking acquisition.

Southern Cross Electrical Engineering Delivers Record FY25 Results

Southern Cross Electrical Engineering Ltd (ASX: SXE) has reported a stellar set of results for FY25, with revenue increasing 45.2% to $801.5 million and net profit after tax rising 44.5% to $31.7 million. This strong performance was driven by the company's successful strategy to expand its capabilities and increase exposure to services and maintenance work.

During the year, Southern Cross completed the acquisition of Force Fire Holdings, a provider of specialized fire safety solutions. This deal is expected to further strengthen the company's service and maintenance offerings.

Looking ahead, Southern Cross is guiding for FY26 EBITDA in the range of $65 million to $68 million, representing growth of 18-24% on the FY25 result. The company sees significant opportunities in the electrification and decarbonization of the Australian economy and is actively exploring further acquisitions to drive geographic and capability diversification.

Step One Clothing Navigates Challenging Retail Environment

Step One Clothing Ltd (ASX: STP) has reported a modest performance for FY25, with revenue up 2.8% to $86.9 million and net profit increasing 2.0% to $12.7 million. The company faced a challenging retail environment, with elevated promotional activity and discounting required to maintain market share.

To navigate these headwinds, Step One is refining its tactical execution, including pricing realignment, a refined promotional approach, inventory optimization, accelerated brand investment, and a focus on product development. While these initiatives are expected to impact near-term financial performance, the company remains confident they will position Step One for sustainable, profitable growth when market conditions improve.

For FY26, Step One is guiding for EBITDA in the range of $10 million to $12 million as it continues to execute its profitable growth strategy centered on product expansion, customer acquisition, and strategic channel development.

Energy One Delivers Another Year of Strong Growth

Energy One Ltd (ASX: EOL) has reported another year of impressive financial results, with revenue up 17% to $61.4 million and annual recurring revenue (ARR) increasing 22% to $60.4 million in FY25. The company also saw a 36% rise in EBITDA to $16.2 million and a 57% jump in cash-EBITDA to $10.5 million.

Energy One's focus on organic growth and margin improvement has paid off, with the company adding 42 new customer installations in the past year, bringing the total to 449 across over 360 customers. Productivity, as measured by revenue per employee, also increased 13% year-on-year.

Looking ahead, Energy One expects to deliver 15-20% organic recurring revenue growth and aims for cash-EBITDA margins of around 30% during FY2027. The company remains committed to supporting customers through the energy transition and is exploring suitable acquisition opportunities in the USA to complement its existing presence in Europe and Australia.