Dicker Data (ASX:DDR) Releases FY24 Financial Results and Dividend Declaration
Financial Performance
Dicker Data reported FY24 gross revenue of $3.4 billion, marking a 2.9% year-on-year increase. EBITDA stood at $150.4 million, a slight decline of 0.2% compared to the previous year. Recurring gross software sales grew by 7.5% to $895.2 million, representing 27% of total gross revenue. Net profit before tax decreased by 2.8% to $113.2 million, with earnings per share falling by 4.40% to 43.6 cents.
FY24 Highlights
The company maintains a robust partner network with over 10,000 active partners in Australia and 2,300 in New Zealand. Dicker Data continues to strengthen its market position through strategic vendor relationships and expanding into emerging markets.
Dividends
Dicker Data declared a final dividend for FY24 of 11.0 cents per share, resulting in a total fully-franked dividend of 44.0 cents per share, a slight decrease of 2.2% from FY23. The company plans to continue interim dividends in FY25, with the first interim dividend of 11.0 cents per share scheduled for payment on 2 June 2025.
FY25 Outlook
For FY25, Dicker Data expects continued organic growth driven by an expanding vendor range and increased ecosystem synergies. The company anticipates revenue growth to moderate as the year progresses, with profitability expected to improve towards a mid-3.0% PBT margin. Key growth drivers include the Windows 10 refresh opportunity, advancements in artificial intelligence, and increasing demand for cybersecurity solutions.
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 positions in and has recommended Dicker Data. 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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