Atturra (ATA) investor relations material

Executive summary

• Revenue for the first half rose 28% year-over-year to AUD 181 million (or $180.6 million), driven by increased headcount and growth in data and ERP businesses, with a stable gross margin of up to 32%.

• Underlying EBITDA declined 46% year-over-year to $7.3 million due to a large contract dispute, non-recurring costs, and increased operating expenses.

• Net profit after tax turned negative at -$4.0 million, with EPS at -1.07 cents, reflecting profitability challenges.

• Over 1,300 staff and 350+ security-cleared personnel support a diversified client base.

• No dividends were paid, recommended, or declared during the period.

Financial highlights

• Gross margin remained stable, reported at 27%–32% year-over-year, with gross profit rising to $58.3 million.

• EBIT margin declined to -2% from 5% year-over-year, and underlying NPATA fell to $2.1 million from $8.6 million.

• Cash and equivalents at period end were $58.6 million, down 43% from the previous year, reflecting acquisitions and share buybacks.

• Net tangible assets reported at $16.6 million, with shareholders’ equity at $218.3 million.

• Shareholders’ equity decreased by $9.8 million to $218.3 million.

Outlook and guidance

• Revenue guidance for FY26 is $364–374 million, with underlying EBITDA expected at $30–31 million.

• Second-half underlying EBITDA forecasted at $23–24 million, with margin expansion expected as business returns to normal seasonality.

• Management remains confident in achieving full-year targets and expects a strong first half and even stronger second half in FY27.

• Internal policy changes implemented to cap WIP at $2 million without board approval to reduce future risk.

• No matters or circumstances have arisen since 31 December 2025 that may significantly affect future operations or results.