Australia-based recruitment and consulting company HiTech Group Australia (HIT: ASX) reported revenue on 17 February 2025 for the six months ended 31 December 2024 of AUD 34.4 million (USD 21.9 million), up 1.3% compared to the same period last year.

EBITDA stood at AUD 4.49 million (USD 2.85 million), up 8% over the same period a year ago. Statutory EBITDA margin stood at 13%.

“The need for skilled ICT professionals remains prevalent, with several agencies actively working to bolster their technology talent pools,” CEO and managing director, Elias Hazouri, said in a press release. “Federal government mandates to complete critical IT programs of work require substantial technological expertise, driving sustained demand for specialised IT talent. HiTech is fully prepared to capitalise on these opportunities.”

“We are seeing increased demand for our services, particularly due to our inclusion on key federal government supplier panels,” Hazouri added. “Additionally, we continue to operate efficiently with industry-leading margins, strong cash reserves, and zero debt. This financial strength provides us with the leverage to pursue growth opportunities, including regional expansion and targeted acquisitions.”

Hitech Group Australia shares closed on 17 February 2025 at AUD 1.96 (USD 1.25), up 2.62% on the day and 12.36% above the 52 week low of AUD 1.74 (USD 1.11) set on 11 November 2024. The company has a market cap of AUD 80.58 million (USD 51.3 million).