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Stepchange Holdings Limited (ASX:STH)

ALERT: Price-sensitive ASX Announcement for STH
Current share price for STH : $0.120 -0.01 (-7.69%)+
Announcement
Release
25 Jun 2026 8:19AM
Price at Release
$0.130
Full Release
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Summary
StepChange Holdings Limited reported strong growth for FY26, driven by SAP migration, cloud transformation, and ICT advisory services, with significant expansion within Tier 1 enterprise clients and new clients in the energy and government sectors. The acquisition of BroadReach contributed to the growth, and margin improvements were achieved through better utilization and engagement mix. Giuseppe (Pino) Todesco was appointed as the new Chief Operating Officer, bringing extensive experience in technology and operational transformation, further strengthening the leadership team. The company expects to exceed $55 million in revenue and enters FY27 with increased scale and advisory capabilities.
Key Points
  • Strong growth in SAP migration, cloud transformation, and ICT advisory services during FY26.
  • Continued expansion within existing Tier 1 enterprise clients and new wins in energy and government sectors.
  • Initial contributions from the BroadReach acquisition and expanded advisory capability.
  • Margin improvement supported by utilization, delivery mix, and higher-value engagements.
  • Giuseppe (Pino) Todesco appointed as Chief Operating Officer to strengthen leadership.
  • Pino brings over 25 years of experience in leading large-scale operational and technology transformation programs.
  • FY26 expected revenue exceeds $55M with normalised EBITDA of $5.0M.
  • StepChange enters FY27 with increased scale and expanded advisory capabilities.
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.