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Hitech Group Australia Limited ( (AU:HIT) ) has provided an update.
HiTech Group Australia Limited reported record financial results for FY2025, with a significant increase in underlying NPAT and a strong balance sheet featuring zero debt. The company’s adaptable business model and strategic focus on ICT projects for government have positioned it well in the industry. Despite facing challenging trading conditions in the first half of FY2026 due to macroeconomic factors, HiTech has taken steps to mitigate margin erosion by securing new agreements and reducing costs. The company remains optimistic about future growth, supported by a substantial cash balance and partnerships with organizations prioritizing quality outcomes.
The most recent analyst rating on (AU:HIT) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Hitech Group Australia Limited stock, see the AU:HIT Stock Forecast page.
More about Hitech Group Australia Limited
HiTech Group Australia Limited operates in the information and communications technology (ICT) sector, focusing on projects for government departments and agencies. The company is known for its expertise in IT systems, networks, and cyber security, and it plays a significant role in supporting Australian Defence digital capabilities.
Average Trading Volume: 13,529
Technical Sentiment Signal: Sell
Current Market Cap: A$69.79M
Find detailed analytics on HIT stock on TipRanks’ Stock Analysis page.