SKS Technologies Group (SKS) H2 2024 earnings summary

Executive summary

• Achieved after-tax profit of $6.62M, a 10.5x increase over FY23, driven by strategic focus on high-growth sectors and major contract wins.

• Revenue grew 63.7% year-over-year to $136.31M, surpassing the revised FY24 target.

• Significant operational expansion, including major data centre and defence contracts, and strong performance across all regions.

Financial highlights

• EBITDA rose 232.9% year-over-year to $9.01M; profit before tax increased 12.3x to $6.50M.

• Cash from operations surged 188.1% to $8.42M; net cash flows improved by $3.39M.

• Declared a fully franked final dividend of 1 cent per share.

• No long-term debt; short-term bank facilities increased to $14.5M.

Outlook and guidance

• Current cost base supports growth beyond $200M revenue with margin preservation.

• $354M in tenders underway; next major revenue milestone targeted at $200M.

• Focus remains on operational excellence, risk minimization, and continuous improvement.