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Spirit Technology Solutions Ltd. ( (AU:ST1) ) has shared an announcement.
Spirit Technology Solutions Ltd. reported a strong performance for FY25, with a significant increase in uEBITDA to $11.0 million from $1.7 million in the previous corresponding period. Revenue also rose to $102.4 million from $90.9 million. Notably, cyber security revenue surged by 58% to $29.5 million, and the company completed the acquisition of Forensic IT, indicating strategic growth in its service offerings. These results reflect the company’s successful turnaround in secure managed technology and a return to growth in cloud and communications, showcasing its strengthened industry positioning and positive implications for stakeholders.
The most recent analyst rating on (AU:ST1) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ST1 Stock Forecast page.
More about Spirit Technology Solutions Ltd.
Spirit Technology Solutions Ltd. operates in the technology industry, focusing on providing secure, sustainable, and scalable solutions. The company offers services in cyber security, managed technology, cloud, and communications, with a market focus on enhancing security and operational efficiency for its clients.
Average Trading Volume: 58,088
Technical Sentiment Signal: Buy
Current Market Cap: A$104.6M
See more data about ST1 stock on TipRanks’ Stock Analysis page.