A$2.42 ($1.68)

+0.02 (+0.83%)

Weekly Expected Move ±4.7%

A$2 A$2 A$2 A$3 A$3

ASX · Industrials · Specialty Business Services · Tech Score Strong Sell · Power 30 · A$365.8M mcap · 81M float · 0.171% daily turnover

Revenue

$942M -1.8% ▼

5Y CAGR: +7.5%

Gross Profit

$256M -45.9% ▼

5Y CAGR: +10.9%

Operating Income

$87M +131.1% ▲

5Y CAGR: +18.7%

Net Income

$37M -19.9% ▼

5Y CAGR: +4.9%

EPS (Diluted)

$0.24 -20.0% ▼

5Y CAGR: +7.1%

EBITDA

$141M +8.4% ▲

5Y CAGR: +8.7%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$759M	$970M	$973M	$959M	$942M
YoY Growth	+15.6%	+27.8%	+0.3%	-1.4%	-1.8%
Cost of Revenue	$578M	$756M	$739M	$485M	$685M
Gross Profit	$181M	$215M	$233M	$474M	$256M
Gross Margin	23.9%	22.1%	24.0%	49.4%	27.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$128M	$149M	$160M	$164M	$169M
Operating Expenses	$128M	$149M	$160M	$436M	$169M
Operating Income	$54M	$38M	$73M	$38M	$87M
Operating Margin	7.1%	3.9%	7.5%	3.9%	9.3%
Interest Expense	$9M	$14M	$18M	$17M	$19M
Income Before Tax	$39M	$24M	$40M	$67M	$55M
Tax Expense	$12M	$7M	$12M	$21M	$17M
Net Income	$27M	$17M	$28M	$47M	$37M
Net Margin	3.5%	1.8%	2.8%	4.9%	4.0%
EPS (Diluted)	$0.19	$0.11	$0.18	$0.30	$0.24
EBITDA	$97M	$87M	$107M	$130M	$141M
Shares Outstanding	145M	153M	156M	156M	156M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$504M	$466M	$508M	$465M	$510M	$449M	$479M	$463M
Cost of Revenue	$392M	$364M	$389M	$351M	$376M	$331M	$350M	$336M
Gross Profit	$112M	$102M	$119M	$115M	$134M	$118M	$129M	$127M
Gross Margin	22.2%	22.0%	23.4%	24.7%	26.3%	26.2%	27.0%	27.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$73M	$76M	$80M	$80M	$84M	$80M	$83M	$86M
Operating Expenses	$73M	$76M	$80M	$86M	$86M	$82M	$83M	$86M
Operating Income	$39M	$27M	$39M	$29M	$48M	$36M	$46M	$41M
Operating Margin	7.7%	5.7%	7.7%	6.3%	9.3%	8.0%	9.7%	8.8%
Interest Expense	$6M	$8M	$9M	$9M	$9M	$8M	$8M	$11M
Income Before Tax	$23M	$2M	$19M	$20M	$39M	$28M	$36M	$19M
Tax Expense	$7M	-$61K	$6M	$6M	$12M	$9M	$12M	$6M
Net Income	$15M	$2M	$13M	$15M	$27M	$20M	$24M	$13M
Net Margin	3.0%	0.4%	2.6%	3.1%	5.3%	4.4%	5.1%	2.8%
EPS (Diluted)	$0.10	$0.01	$0.08	$0.09	$0.17	$0.12	$0.16	$0.08
EBITDA	$52M	$39M	$53M	$24M	$71M	$59M	$73M	$68M
Shares Outstanding	150M	152M	155M	156M	156M	157M	156M	155M

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