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Harris Technology Group Limited (ASX:HT8)

ALERT: Price-sensitive ASX Announcement for HT8
Current share price for HT8 : $0.023 0.013 (130%)+
Announcement
Release
25 Feb 2026 6:16PM
Price at Release
$0.010
Full Release
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Summary
Harris Technology Group Limited's half-year report for the period ending 31 December 2025 reveals an improvement in financial performance compared to the previous year. The company's revenue increased by 18.9% to $8,300,412, while it achieved a net profit of $8,167, a significant turnaround from the previous year's loss of $310,935. Despite this positive financial outcome, the company faces challenges in maintaining its cash flow and addressing material borrowings, which could affect its ability to continue as a going concern. The report confirms that no dividends will be distributed and highlights the continued reliance on financial support and refinancing options. The company has successfully managed its operating costs and increased its gross profit, despite facing various market and operational challenges.
Key Points
  • Revenue increased by 18.9% to $8,300,412.
  • Net profit of $8,167 achieved, compared to a loss of $310,935 in the previous year.
  • No dividends will be distributed for the period.
  • The company faces challenges with material borrowings and cash flow constraints.
  • The financial statements have been prepared on a going concern basis.
  • Reliance on continued financial support and refinancing is noted.
  • Net tangible assets per share remained unchanged at 0.0044 cents.
  • The company operates solely within Australia.
  • Auditor’s independence was maintained with no contraventions reported.
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.