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Spirit Technology Solutions Returns to Profitability in FY25

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Spirit Technology Solutions Returns to Profitability in FY25

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Spirit Technology Solutions Ltd. ( (AU:ST1) ) just unveiled an announcement.

Spirit Technology Solutions Ltd reported a significant return to profitability in FY25, achieving an unaudited underlying EBITDA of $11 million and revenue of $102.4 million. This marks the company’s first profit since its restructuring began in FY23. The Managed Services segment returned to profitability, supported by new security-enabled offerings, while the Cyber Security segment achieved strong earnings. Despite challenges in the Communication and Collaboration segment, Spirit maintained a disciplined cost base and is poised for sustainable growth in FY26, with plans to explore acquisition opportunities and expand recurring revenue streams.

More about Spirit Technology Solutions Ltd.

Spirit Technology Solutions Ltd is a leading provider of cybersecurity and secure managed technology solutions. The company focuses on delivering core cybersecurity and managed services, aiming to provide secure, sustainable, and scalable technology solutions.

Average Trading Volume: 74,578

Technical Sentiment Signal: Sell

Current Market Cap: A$89.38M

See more insights into ST1 stock on TipRanks’ Stock Analysis page.

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