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Dicker Data (DDR) investor relations material

Dicker Data H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary26 Feb, 2026

Executive summary

  • FY25 delivered strong results, surpassing guidance with gross revenue at AUD 3.9 billion, up 14.9% year-over-year, and net operating profit before tax at AUD 124.7 million, up 10.1%.

  • Performance was driven by software, PC refresh, infrastructure, and significant AI-specific deal contributions.

  • Recurring software revenue reached AUD 1.1 billion, up 22.4% year-over-year.

  • Earnings per share rose 8.6% to AUD 0.474.

  • The company maintained a large partner network with 10,000 active partners in Australia and 2,300 in New Zealand.

Financial highlights

  • Gross revenue was AUD 3,876.0 million (+14.9% year-over-year); statutory revenue was AUD 2,569.1 million (+12.5%).

  • EBITDA grew to AUD 159.4 million (+5.9%), and net profit after tax was AUD 85.6 million (+8.8%).

  • Earnings per share reached 47.4c (+8.6%).

  • Gross profit margin declined to 9.0% from 9.6% due to customer mix shift toward enterprise.

  • Operating costs as a percentage of gross revenue improved to 5.1% from 5.4%.

Outlook and guidance

  • Management expects continued strong momentum into FY26, with AI and data center modernization as key growth drivers.

  • Double-digit software growth anticipated, with significant AI deal pipeline expected to double in 2026.

  • IT spending in Australia forecast to reach AUD 172.3 billion in 2026 (+8.9%), and New Zealand IT spending to hit AUD 25.6 billion (+10.4%).

  • SMB segment expected to see renewed growth, with single-digit revenue growth and higher revenues due to price increases.

  • Data center systems forecasted to grow 20%+, driven by AI and modernization cycles.

AI revenue growth outlook beyond FY25
Gross profit margin drivers and outlook
ASEAN expansion: next steps and progress
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Frequently asked questions

Dicker Data Limited is an Australia-based technology distribution company specializing in the supply of hardware, software, and cloud solutions. The company partners with global technology vendors to deliver IT products and services to resellers, system integrators, and managed service providers. Dicker Data supports its customers with pre-sales, configuration, and technical expertise, focusing on sectors such as enterprise, government, and small to medium-sized businesses.The company is headquartered in Kurnell, Australia, and its shares are listed on the ASX.

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