HiTech Group Australia Limited (ASX:HIT) Reports Record H1 FY2025 Results
Financial Performance
HiTech Group Australia Limited reported a 14% increase in net profit before tax and an 8% rise in EBITDA for H1 FY2025. Revenue reached $34.78m, with gross profit up by 3% to $6.99m and a gross profit margin of 20%. The company declared a fully franked interim dividend of 5 cents per share.
Executive Comments
CEO and Managing Director, Elias Hazouri, commented: “HiTech is strategically positioned to address the ongoing demand for ICT talent and services. Our robust financial standing and long-term supplier agreements reinforce our competitive advantage. The need for skilled ICT professionals remains prevalent, with several agencies actively working to bolster their technology talent pools. Federal government mandates to complete critical IT programs of work require substantial technological expertise, driving sustained demand for specialised IT talent. HiTech is fully prepared to capitalise on these opportunities. We currently manage multiple active client mandates and are actively pursuing new tender opportunities across both federal and state government sectors, where vital ICT programs continue. HiTech’s first-half result demonstrates that we are a trusted partner for our clients, with a high level of recurring income. We are seeing increased demand for our services, particularly due to our inclusion on key Federal Government supplier panels. Additionally, we continue to operate efficiently with industry-leading margins, strong cash reserves, and zero debt. This financial strength provides us with the leverage to pursue growth opportunities, including regional expansion and targeted acquisitions.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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