HiTech Group Australia Limited (ASX:HIT)

ALERT: Price-sensitive ASX Announcement for HIT

Current share price for HIT : $1.060 -0.24 (-18.46%)⁺

Announcement

Preliminary Final Report

Release

18 Aug 2026 3:39PM

Price at Release

$1.300

Full Release

Summary

The Preliminary Final Report for HiTech Group Australia Limited for the year ended 30 June 2026 highlights a decrease in operating revenue to $65,947,714, with an underlying EBITDA of $5,622,900 and NPAT of $4,105,047. Despite this decline, the company maintains a strong financial position with no debt and a cash balance of $10,561,347. They have declared a 4 cents per share dividend. HiTech Group, specializing in ICT recruitment and contracting services, leverages a large database of professionals and continues to focus on cost optimization and new business acquisition. The company remains a key supplier to both government and private sectors while exploring potential acquisitions to boost earnings per share.

Key Points

Operating revenue for the year ended 30 June 2026 was $65,947,714, a decrease of 3.2% from the previous year.
Underlying EBITDA was reported at $5,622,900.
Net Profit After Tax (NPAT) was $4,105,047.
The company declared a fully franked dividend of 4 cents per share to be paid on 22 September 2026.
The company has a strong balance sheet with zero debt and a cash balance of $10,561,347.
HiTech Group is focused on ICT recruitment and contracting services, with a large database of over 400,000 ICT professionals.
The company is working towards winning new business and optimizing costs to enhance profitability.
HiTech Group maintains its status as a preferred supplier with major government and private sector clients.
The company is actively seeking EPS accretive acquisitions.
Future financial results may be affected by potential changes in demand for ICT resources.

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.