SKS Technologies Group (SKS) H2 2024 earnings summary

Executive summary

• Achieved record revenue of $136.3M in FY24, up 63.7% year-over-year, driven by major data centre and defence contracts.

• Net profit after tax surged to $6.62M, a 948% increase compared to the prior year.

• EBITDA rose 232.9% to $9.01M, reflecting operational leverage and scale.

• Workforce doubled to 622 by June 2024 to support growth, with a strong safety record (zero LTIs in CY24).

• Significant organic growth, with a robust pipeline and $160M work on hand at year-end.

Financial highlights

• Revenue: $136.3M (up 63.7% year-over-year).

• Net profit after tax: $6.62M (up from $0.63M in FY23).

• EBITDA: $9.01M (up 232.9% year-over-year).

• Operating cash flow: $8.42M (up 188% year-over-year).

• Net tangible assets per share: 7.57 cents (up 330%).

• EPS: 6.04 cents (up from 0.58 cents in FY23).

• Dividend: 1.0 cent per share, fully franked.

Outlook and guidance

• Targeting $260M revenue for FY25, supported by a strong order book and expanded bank facilities.

• Continued focus on organic growth, margin improvement, and revenue diversification across sectors.

• Ongoing investment in people, systems, and safety to sustain growth.

• Anticipates further opportunities in data centres, defence, retail, and sustainability-driven projects.