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HiTech Group Australia Limited (ASX:HIT)

ALERT: Price-sensitive ASX Announcement for HIT
Current share price for HIT : $0.940 -0.725 (-43.54%)+
Announcement
Release
21 Nov 2025 4:10PM
Price at Release
$1.665
Full Release
download
Summary
The 2025 Chairman's Address and Market Update for HiTech Group Australia Limited highlights the company’s remarkable financial performance for the fiscal year ending 30 June 2025, with a total revenue of $68,151,746 and a 10.04% increase in underlying NPAT. The company maintains a robust financial position with zero debt and a strong cash balance. The address emphasizes the company's adaptability to change and readiness to capitalize on market opportunities in the ICT sector, particularly within government projects and cybersecurity. The outlook for FY2026 indicates challenges due to macroeconomic headwinds but anticipates recovery through strategic client agreements and cost management.
Key Points
  • HiTech Group celebrates 32 years in business.
  • Record operating revenue of $68,151,746 for FY2025.
  • Underlying EBITDA increased by 1.3%.
  • Strong balance sheet with zero debt.
  • Fully franked dividend of 5 cents per share declared.
  • Successful business model adaptable to change.
  • ICT projects and cybersecurity are key focus areas.
  • Challenges anticipated in FY2026 due to government spending patterns.
  • Strategic client agreements and cost management planned for profitability.
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.