Hansen Technologies (HSN) H2 2025 earnings summary

Executive summary

• Achieved operating revenue of $392.5 million for FY25, up 11.2% year-over-year, with strong growth in Communications & Media (15%) and Energy & Utilities (8.3%), driven by major contract wins and strategic execution.

• Underlying EBITDA increased 20.9% to $111.7 million, with a margin of 28.5%, reflecting improved efficiency and cost discipline.

• Underlying NPATA rose 43.3% to $56.9 million, and NPAT more than doubled, supported by powercloud integration and tax asset recognition.

• Major contracts included a $50 million deal with VMO2 and a $16 million U.S. renewable energy contract.

• Continued disciplined R&D investment of $34.5 million, focusing on AI, cloud, and automation to drive innovation.

Financial highlights

• Operating revenue: $392.5 million, up 11.2% year-over-year; three-year CAGR of ~6%.

• Underlying EBITDA: $111.7 million, up 20.9%; Cash EBITDA: $93.4 million, up 21.5%; margin at 28.5%.

• Underlying NPATA up 43.3% to $56.9 million; NPAT up 105.7% year-over-year.

• Communications & Media revenue up 15% to $171.3 million; Energy & Utilities up 8.3% to $221.2 million.

• Free cash flow reached $30.4 million; closing cash balance at $48.2 million.

Outlook and guidance

• Targeting organic revenue growth of 5-7% over the medium term, with a medium-term Underlying EBITDA margin of 30% or above.

• FY26 revenue growth will be impacted by lower license revenue, but recurring revenue and margins are expected to rise.

• No major one-off restructuring costs anticipated in FY26; cost efficiencies expected from AI adoption.

• Strategic focus on AI, R&D investment, operational efficiency, and targeted M&A.