Hansen Technologies (HSN) H1 2026 earnings summary

Executive summary

• Operating revenue for 1H26 rose 7.3% year-over-year to $191.0 million, with both Communications & Media and Energy & Utilities segments contributing positively and strong EMEA performance.

• Underlying EBITDA increased 46.1% to $55.7 million, with margin expanding to 29.2% due to operating leverage, AI-driven productivity, and cost discipline.

• Underlying NPATA surged 142.3% to $30.5 million; underlying NPAT up 389.1% to $22.5 million, reflecting strong profitability.

• Cash flow from operations grew 417.7% to $53.6 million, supporting ongoing dividends and acquisitions.

• Completed the Digitalk acquisition, expanding EMEA presence, SaaS revenue, and cross-selling opportunities.

Financial highlights

• Communications & Media revenue up 13.5% to $82.3 million; Energy & Utilities revenue up 3.0% to $108.7 million.

• EBITDA margin rose to 29.2% from 21% year-on-year; cash EBITDA up 68.8% to $49.3 million (margin 25.8%).

• Underlying NPATA rose 142.3% to $30.5 million; basic EPS based on underlying NPATA up 141.5% to 14.95 cents.

• Net debt at period end was $51 million after repaying $29.5 million of debt.

• Operating cash flow surged to $53.6 million, with closing cash balance at $56.0 million.

Outlook and guidance

• Revenue expected to be higher in 2H26 versus 1H26; targeting ~30% underlying EBITDA margin for FY26.

• Board targets 5–7% organic revenue growth over the medium term, with sector tailwinds in smart grid, decarbonisation, and 5G.

• Support and maintenance revenue growth to moderate but remain strong; license revenue to be 8–10% of turnover.

• Interim dividend of 5.0 cents per share declared, partially franked.

• Cautious on FX impacts but largely hedged on costs; EBITDA protected.