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Data3 Limited (ASX:DTL)

ALERT: Price-sensitive ASX Announcement for DTL
Current share price for DTL : $9.470 0.34 (3.72%)+
Announcement
Release
29 Oct 2025 9:28AM
Price at Release
$9.130
Full Release
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Summary
The 2025 Annual General Meeting of Data#3 Limited, chaired by Mark Gray, underscored a successful FY25 marked by record-breaking gross sales exceeding $3 billion, a 9% increase from the previous year, and a strategic focus on sustainable growth supported by a debt-free balance sheet with net assets of $84 million. The company faced challenges like federal and state elections and vendor program changes but sustained profitability with earnings before tax of $69.1 million, an 11.4% increase from the prior year. Key strategic priorities for FY26 include leveraging opportunities in AI, cloud, security, and infrastructure, particularly in light of the upcoming 2032 Brisbane Olympics. The meeting also highlighted strong operational efficiency improvements and a high commitment to customer value, alongside recognizing contributions from the retiring Michael Bowser, a longstanding executive. The board proposed changes to its composition to further strengthen governance.
Key Points
  • Record-breaking gross sales exceeding $3 billion in FY25.
  • 9% sales growth despite economic headwinds.
  • Earnings before tax increased by 11.4% to $69.1 million.
  • High cash conversion rate and debt-free balance sheet.
  • Strategic focus on AI, cloud, security, and infrastructure for FY26.
  • Board changes with new non-executive directors and committee adjustments.
  • Recognition of retiring executive Michael Bowser's contributions.
  • Continued operational efficiency improvements and customer value focus.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.