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Infotrust Ltd (ASX:ITS)

ALERT: Price-sensitive ASX Announcement for ITS
Current share price for ITS : $0.365 0.01 (2.82%)+
Announcement
Release
18 May 2026 8:25AM
Price at Release
$0.355
Full Release
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Summary
Infotrust Ltd announced the appointment of Paul Timmins as the new CEO effective immediately as Julian Challingsworth steps down after successfully transforming the company into a focused cyber-first and managed technology business. The company has updated its guidance for the second half of FY26, projecting an underlying EBITDA of $2.3 million. Strategic initiatives include increasing investments in cyber security services, optimizing operational efficiency, and preparing for growth and improved profitability into FY27. The leadership team has been strengthened with the appointment of David Clanchy as CFO, supporting ongoing efforts to enhance Infotrust’s market position as a leading Australian cyber security company.
Key Points
  • Paul Timmins appointed as the new Chief Executive Officer.
  • Julian Challingsworth to transition out after a significant company turnaround.
  • Updated guidance for second half of FY26 with approximately $2.3 million underlying EBITDA.
  • Focus on growth and cash profitability into FY27.
  • Infotrust repositioned as a cyber-first and managed technology business.
  • Substantial investment in cyber security services and consulting.
  • Appointment of David Clanchy as Chief Financial Officer.
  • Ongoing strategic initiatives to reduce operating costs and improve organizational efficiency.
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.