Atturra's FY25 revenue and uEBITDA jump 24%

Atturra has reported 24 percent growth in revenue and underlying EBITDA in its 2025 financial year, reaching $300.6 million and $31.5 million respectively.

That was "...despite unfavourable economic conditions and, in particular, a challenging Canberra market”, chairman Shan Kanji stated.

The cost of acquisitions contributed to a fall in net profit after tax to $9 million in FY25, from $9.7 million in FY24.

The company increased the share of "predictable revenue" – which it defined as a combination of recurring and long-term client revenue - to 78 percent.

In FY26, it aims to deliver 20 percent growth in its underlying EBITDA to $40.3 million.

Following six acquisitions in FY25 – including the OpenText and SAP specialist Chrome Consulting, New Zealand MSP Plan B, US-based Boomi partner Kitepipe, and SAP partner DalRae Solutions - Atturra CEO Stephen Kowal said that there would be “probably less acquisitions in total” going forward.

“It was an unusually busy year, but you'll probably see us do a few bigger acquisitions and then super niche and specialised acquisitions,” Kowal told techpartner.news.

“The funny thing about acquisitions is you can never quite plan it out, because you don't know what's coming to market, but theoretically, from a planning point of view, I would anticipate a lower overall volume [moving forward].”

Beyond Canberra

Asked about business in Canberra, Kowal noted the government’s “quite aggressive" cuts in spending, especially on consultants, which had impacted Atturra’s consulting business.

“Fortunately for us, we're a large, diversified revenue base, but if you're a Canberra-only business, it would have been really, really tough the last three years,” he told techpartner.news.

“The government market’s going to be tough for at least 12 months. Some of the forward budget components with Defence do show an increase, but that's from FY27 not FY26, so my thesis for this year is it will continue to be a hard slog with government.

“There's just different capabilities between the public and private sector and I don't think that the public sector will ever be able to, nor will it want to, bring in all those skills. One of the things private companies do very well is when you've got to do a change or a major programme at work, which is temporary in nature, there's no point the government ramping up to build or create a new system to then just have to get rid of all those people at the end of the programme.

“I think contractors and organisations like ours will build systems, and then we'll do the overflow work for those systems and solutions, but the core maintenance and management in many cases will be done by the public service.”

“Last year, we experienced a relative increase in revenue outside the Canberra market, and I anticipate this trend will continue in FY26”, chairman Kanji stated in his letter to shareholders.

“We have remained a strong presence in the Canberra market, so when demand increases — and I believe it is a matter of when, not if — Atturra is the sovereign entity to come out stronger.”

Sovereign positioning

Kanji also used his letter to shareholders to talk-up the company as a “sovereign, end-to-end IT solutions provider with an exceptional client retention track record”, which he argued made it “the preferred Australian option to global system integrators” and “now well-positioned to compete for larger enterprise deals.”

Speaking to techpartner.news, Kowal added that “we used to talk a lot about sovereignty and it used to be all around government and defence, but it's definitely expanded beyond that,” he said.

“Now it's a hot topic for finance, manufacturing, utilities. That's why the private cloud component also is critical.” Yesterday, Atturra announced that it has become the first Microsoft Solutions Partner in Australia to achieve the Private Cloud Solution Partner designation.

SAP opportunity

Asked about opportunities around SAP, Kowal said: “A lot of our client base has SAP programmes [and] we do a fair bit around it in the enterprise content management and invoicing space,” Kowal said.

“Delrae is a leader in SAP BTP and that BTP [element] is right at that modern edge about integrating and extending on that SAP platform, so we see there's a huge demand going forward.

“It's a business that can easily grow multiple times for us.”