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HiTech Group Australia Limited (ASX:HIT)

ALERT: Price-sensitive ASX Announcement for HIT
Current share price for HIT : $1.305 -0.365 (-21.86%)+
Announcement
Release
23 Feb 2026 3:34PM
Price at Release
$1.670
Full Release
download
Summary
HiTech Group Australia Limited released their H1 FY2026 results, reporting a revenue of $33.6 million and an EBITDA of $3.04 million. The company declared a fully franked interim dividend of 4.5 cents per share. Despite challenging trading conditions due to macroeconomic factors affecting government spending, the company remains robust with a strong cash balance of $10.5 million and no debt. HiTech has taken steps to protect margins and improve profitability by securing new agreements, reducing costs, and focusing on areas with strong revenue quality. The company is positioning itself for future growth and expects investment benefits to materialize in H2FY26.
Key Points
  • Revenue of $33.64 million, down 3.3% from the previous corresponding period.
  • Gross profit of $4.92 million, down 29%.
  • EBITDA of $3.03 million, EBIT of $2.99 million.
  • Interim dividend declared at 4.5 cents per share, fully franked.
  • Strong cash position with $10.5 million and no debt.
  • Challenges due to macroeconomic factors and reduced government spending.
  • Strategies to improve profitability include new client agreements and reduced costs.
  • Investment in staff and systems expected to benefit H2FY26.
  • Focus on partnerships that value quality outcomes, like the Department of Defence.
  • Commitment to long-term shareholder value and sustainable growth.
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.