HiTech Group (ASX:HIT) Increases Revenue and Maintains Strong Profits
Financial Performance
HiTech Group reported operating revenue of $68,151,746 for the financial year ended 30 June 2025, marking a 7.1% increase compared to the previous year. Underlying EBITDA rose by 1.3% to $8,998,295, and underlying net profit after tax (NPAT) grew by 10.0% to $6,636,843. The company maintains a strong balance sheet with zero debt and a cash balance of $9,652,671. Net tangible assets increased by 20% to 27 cents per share.
Dividend Declaration
The company declared a fully franked dividend of 5 cents per share, payable on 17 September 2025.
Business Overview
HiTech Group specialises in ICT recruitment, contracting, and consulting services, primarily serving the public and private sectors. The sustained demand for ICT talent in government projects has driven the FY25 results, supporting critical programs and enhancing the company’s agile business model.
Executive Comments
CEO Elias Hazouri stated, “In FY25, HiTech delivered industry-leading profits and strong revenue growth, reinforcing our reputation as a premier provider of talent acquisition and ICT services. This strong performance is a testament to the dedication of our exceptional staff, the trust of our valued clients and contractors, and the continued support of our shareholders. Together, they form the backbone of our success.
As we approach our fourth decade in business, we remain committed to innovation, agility, and excellence. With recurring revenue streams and rising demand for our services, HiTech is well-positioned to drive sustained growth and deliver superior outcomes for all stakeholders in the years ahead. The high performing HiTech team remains laser focused on reinforcing and expanding our leadership and business model as the most efficient and effective facilitators of talent acquisition and ICT services for both the public and private sectors. We are confident in our continued success in the years ahead.”
Outlook
HiTech anticipates continued growth in FY26, driven by increasing public sector projects and Defence capability needs. The company plans to enhance its technology stack with AI-driven capabilities to unlock greater value from its core assets and expertise.
Motley Fool contributor Aaron Shaw 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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