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HiTech Group Australia Limited (ASX:HIT)

ALERT: Price-sensitive ASX Announcement for HIT
Current share price for HIT : $1.040 -0.26 (-20%)+
Announcement
Release
18 Aug 2026 3:44PM
Price at Release
$1.300
Full Release
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Summary
HiTech Group Australia Limited reported its FY2026 results, noting a revenue decline to $65.61 million, a gross profit reduction to $9.42 million, and a drop in EBITDA to $5.59 million. The company maintained a strong cash position of $10.56 million and announced a fully franked final dividend of 4 cents per share. Despite challenging trading conditions influenced by macroeconomic factors, HiTech has diversified its revenue base through professional services agreements, which are anticipated to enhance future margins. The company remains focused on employee support and long-term growth opportunities.
Key Points
  • FY2026 revenue of $65.61 million, a decrease of 3.2% compared to the prior corresponding period (pcp)
  • Gross profit of $9.42 million, down 25.5% on pcp
  • EBITDA of $5.59 million, a decline of 35.35% on pcp
  • EBIT of $5.54 million, down 35.61% on pcp
  • A fully franked final dividend of 4.0 cents per share was announced
  • Cash balance of $10.56 million with zero debt
  • Diversified revenue base through professional services panel agreements
  • Challenging trading conditions due to macroeconomic pressures
  • Service delivery supply agreements expected to strengthen margins in FY27
  • Continued focus on supporting and retaining employees, especially those who are shareholders
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.