HiTech Group Boosts Revenue 7.1% Amid Rising Government ICT Demand
HiTech Group has reported a solid 7.1% revenue increase for FY2025, driven by strong government sector demand for ICT talent and services, alongside a 10% rise in net profit after tax.
- Operating revenue rises to $68.15 million, up 7.1%
- Underlying NPAT grows 10% to $6.64 million
- Zero debt and strong cash position of $9.65 million
- Fully franked dividend of 5 cents per share declared
- Growth fueled by Australian government ICT projects and cybersecurity needs
Strong Financial Performance in FY2025
HiTech Group, a leading Australian ICT recruitment and consulting firm, has delivered another year of robust financial results for the fiscal year ended 30 June 2025. The company reported operating revenue of $68.15 million, marking a 7.1% increase over the previous year. Underlying net profit after tax (NPAT) rose by an even more impressive 10% to $6.64 million, reflecting the firm’s ability to convert revenue growth into improved profitability.
Underlying EBITDA also saw a modest increase of 1.3%, underscoring steady operational efficiency despite a one-off employment-related cost of nearly $400,000. The company’s balance sheet remains solid with zero debt and a cash balance of $9.65 million, providing financial flexibility for future investments.
Government Sector Driving Demand
The key driver behind HiTech’s growth continues to be sustained demand for ICT professionals and services within the Australian government sector. Several federal agencies, including Defence, have ramped up requirements for specialist IT talent to support critical programs focused on secure, cloud-based digital solutions and cybersecurity. This demand reflects broader national priorities around digital resilience and the modernization of legacy systems.
HiTech’s core business model, which combines recruitment, contracting, and consulting services, has proven agile and stable in navigating these complex government needs. CEO Elias Hazouri highlighted the company’s commitment to innovation and cost management, positioning HiTech as a trusted partner in delivering secure and scalable ICT infrastructure.
Looking Ahead, Innovation and AI Integration
As HiTech approaches its fourth decade, the company is investing in enhancing its technology stack, particularly through AI-driven capabilities. This strategic focus aims to unlock greater value from its core assets and expertise, potentially accelerating growth and operational efficiency in the coming years.
However, the outlook for FY2026 remains cautiously optimistic. While the pipeline of critical public sector projects and Defence requirements is growing, the company’s performance will depend heavily on government budget allocations and broader economic conditions. HiTech’s ability to maintain its leadership position will hinge on continuing to deliver exceptional service and adapting to evolving ICT demands.
With a fully franked dividend of 5 cents per share declared, HiTech is rewarding shareholders while signaling confidence in its ongoing profitability and cash flow generation.
Bottom Line?
HiTech’s FY25 results reinforce its role as a key ICT partner to government, but future growth will depend on navigating budget uncertainties and leveraging new technologies.
Questions in the middle?
- How will government budget allocations for ICT evolve in FY2026 amid economic pressures?
- What specific AI-driven innovations is HiTech planning to integrate into its service offerings?
- Can HiTech sustain its profit margins while expanding into new public and private sector contracts?
