Atturra (ATA) H1 2025 earnings summary

Executive summary

• Revenue for H1 FY25 increased 27% year-over-year to $141.3 million, with underlying EBITDA up 23% to $13.6 million and statutory EBIT up 26% to $6.7 million.

• Net profit after tax attributable to owners rose 55.4% to $4.2 million, and earnings per share increased 14% to 1.31 cents.

• Cash on hand at period end was $98.4 million, up from $60.6 million at 30 June 2024, with an undrawn facility of $39.2 million.

• Four strategic acquisitions completed or announced: Exent, Chrome Consulting, Plan B, and ComActivity, expanding capabilities in advisory, ECM, managed services, and manufacturing ERP.

• No dividends were paid, recommended, or declared for the half-year.

Financial highlights

• Gross margin improved to $45.8 million (32%), with underlying EBITDA margin at 9.6%.

• Basic earnings per share was 1.31 cents, up from 1.15 cents year-over-year.

• Net tangible assets per share increased to 16.74 cents.

• Cash and cash equivalents at period end were $98.4 million, up 103% year-over-year.

• Working capital and net tangible assets increased, supported by a $71.4 million capital raise.

Outlook and guidance

• FY25 revenue forecast is $305–$320 million, with underlying EBITDA expected between $31–$34 million.

• Focus remains on expanding managed services, developing proprietary solutions, and selective offshore growth.

• Continued investment in high-growth technologies and industries with high barriers to entry.

• No post-balance sheet events or circumstances expected to significantly affect future operations.