Data#3 sees key financial figures rise in FY25

Data#3 has reported in its FY25 results that all its key financial figures are up when compared to FY24.

EBIT was up 12% to $59.9million, while NPAT increased 11.3% to $48.2 million.

Statutory revenue also increased 5.8% to $852.7 million, while both gross sales and gross profit saw jumps of 9% (to $3 billion) and 7.3% (to $289.7 million) respectively when compared to FY24.

Strategic priorities outlined by the company for FY26 include further investments in lifecycle services “to maximise value throughout the solution lifecycle, from consulting and advisory to procurement, deployment, adoption and operation of its customers’ environment”.

Data#3 MD and CEO Brad Colledge said the results are another year of record sales for the company as it exceeded $3 billion for the first time and outperformed the forecast growth rate for the Australian technology market.

“Our Net Profit Before Tax of $69.1million is up 11.4% this financial year, driven by growth in gross profit of over 7% and improved operational efficiency achieved through automation and a restructure of our Infrastructure Solutions business during the first half,” he said.

“Recurring revenue was up from 67% to 69%, reflecting our ongoing focus on driving growth in annuity-based revenue streams including multi-year software licensing and maintenance support, As a Service offerings and managed services.

“Software Solutions gross sales increased by almost 11% and Services by almost 7%, with Infrastructure Solutions recovering from a challenging first half to deliver gross sales growth of over 4% for the financial year.”

Colledge said Data#3’s outlook remains positive, and while it expects Software Solutions growth to be under pressure in the short term as it manages through the Microsoft channel incentive transitions, the company is expecting “continued growth” in its Infrastructure Solutions and Services businesses.

“There is opportunity across end user compute, the network and server and storage,” he said.

“Our managed service offerings continue to mature, providing the opportunity for more recurring revenue and all our offerings, across all lines of business, will benefit from the evolution and growth of AI.

“Consistent with previous practice, we are not providing specific FY26 guidance at this stage. In line with previous years, we expect a sales peak in the months of May and June, and to continue to deliver sustainable earnings growth for our shareholders.”