Atturra Limited (ASX:ATA) to Deliver Strong H1 FY25 Earnings Growth and Provides Full Year Guidance
Financial Performance
Atturra Limited reported unaudited revenue for H1 FY25 in the range of $140 million to $142 million, marking an increase of 26% to 28% compared to $111.1 million in the prior corresponding period. The underlying EBITDA ranged from $13.2 million to $13.8 million, up 19% to 24% on $11.1 million, aligning with Atturra’s internal budget. Unaudited EBIT for H1 FY25 was between $6.5 million and $6.8 million, reflecting an increase of 23% to 28% on $5.3 million in the prior period.
Full Year FY25 Guidance
Atturra updated its FY25 guidance, projecting consolidated revenue between $305 million and $320 million, and underlying EBITDA of $31 million to $34 million. The revised EBITDA guidance is influenced by the extended revenue recognition period for a major project from recent acquisitions, additional risks in Federal Government work with an EBIT exposure of $1.0 million to $1.5 million, and anticipated costs exceeding $1 million for bidding on three strategic multi-year contracts.
Operational Highlights
Following recent acquisitions of Plan B, Chrome Consulting, and ComActivity, Atturra continues to experience strong demand across its segments and new offerings. The Atturra Cloud Platform for Boomi has grown its client base from two to eleven, demonstrating a strong market reception.
Executive Comments
CEO Stephen Kowal stated, “Atturra is off to a great start which is demonstrated by our revenue and Underlying EBITDA numbers, we have achieved our internal targets and are seeing strong demand for some of our new offerings. We have added the necessary volume to our managed services business in the first half, which supports our ambition to be Australia’s leading sovereign end-to-end IT solutions provider. Although the business is tracking as expected, Atturra sees risks of up to $1.0 – 1.5m of EBIT in Federal Government, driven by ongoing cost cutting and the Federal election cycle. Atturra’s outlook into FY26/27 is positive, reflected by 3 major customer pursuits currently in flight in which Atturra is investing over $1m over the next 8 months.”
Motley Fool contributor Kiarra Jackson 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 recommended Atturra. 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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