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Highlights
- HSN reported a 13.26% YoY increase in operating revenue, reaching AUD 353.11 million for FY24.
- In FY24, net profit after tax (NPAT) fell by 50.78% YoY to AUD 21.06 million.
- HSN has inked a five-year agreement with VMO2, valued at AUD 50 million.
- HSN has scheduled its half-year results announcement on 19 February 2025.
Hansen Technologies Limited (ASX:HSN) is an ASX-listed software and services provider. The international company has over 600 customers across 80 countries. The company reported operating revenue of AUD 353.11 million for FY24, marking a 13.26% YoY increase from the previous year (AUD 311.77 million). The growth was driven by higher sales from licenses, support and maintenance, services, and other products.
Despite operating revenue growth, HSN's net profit after tax (NPAT) saw a significant decrease of 50.78% YoY, dropping to AUD 21.06 million from AUD 42.80 million in FY23. The decline was attributed to higher employee benefits, increased hardware and software costs, and finance charges on lease liabilities.
Strategic Business Update
HSN secured a notable five-year agreement with Virgin Media Limited (VMO2) valued at approximately AUD 50 million. The agreement aims to licence HSN’s cloud-native Suite for Communications, Technology & Media.
The company will release its half-year results to the ASX on 19 February 2025.
Outlook
HSN expects FY25 revenue to range between AUD 398 million and AUD 405 million. For FY25, the company also forecasts underlying EBITDA to range from AUD 92 million to AUD 101 million, with cash EBITDA expected between AUD 76 million and AUD 85 million.
In 2HFY25, the company expects to recognise nearly AUD15m of VMO2 licence revenue upfront.
Key Financial Metrics Overview:
- Revenue: The company’s revenue has shown consistent growth since FY20, reaching AUD 353.11 million for FY24, up from AUD 301.40 million in FY20.
- Accounts Receivable Turnover Ratio: Slight decline in the turnover ratio to 3.8x in FY24 from 4.2x in FY20.
- Cash Receipts: The total cash receipts in FY24 stood at AUD 382.88 million, a jump from AUD 327.44 million in FY20.
Share performance of HSN
HSN shares closed 0.18% higher at AUD 5.70 per share on 17 February 2025. Over the past nine months, the share price has increased by nearly 26.11% and in one month, it has surged 11.11%.
52-week high of HSN is AUD 5.88, recorded on 2 December 2024 and 52-week low is AUD 4.01, recorded on 18 June 2024.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 17 February 2025. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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