StepChange Posts Strong 1H FY26 Growth, Launches Buy-Back After BroadReach Deal

StepChange Holdings Ltd. ( (AU:STH) ) just unveiled an update.

StepChange Holdings reported audited first-half FY26 results showing strong organic growth since its July 2025 listing, with revenue up 19% to $24.36 million, gross profit up 17% and underlying EBITDA up 50% versus the prior pro-forma period. Growth was driven by new wins and expanded contracts with Tier 1 enterprise and government clients, stable margins supported by about 160 consultants and robust demand for SAP, cloud migration and ICT advisory services.

The company advanced several strategic initiatives, including opening U.S. operations in Houston, securing a $10 million acquisition facility, strengthening its leadership team and completing the acquisition of BroadReach Group, which adds roughly 40 senior consultants and deepens its government and ICT advisory capabilities. StepChange also announced an on-market buy-back of up to about 10% of its shares, signaling board confidence in its balance sheet and outlook as it targets FY26 revenue of $47.3 million and normalised EBITDA of $4.6 million in a market benefiting from structural ERP transition tailwinds.

The most recent analyst rating on (AU:STH) stock is a Buy with a A$0.23 price target. To see the full list of analyst forecasts on StepChange Holdings Ltd. stock, see the AU:STH Stock Forecast page.

More about StepChange Holdings Ltd.

StepChange Holdings Limited is an Australian IT consulting and digital transformation company listed on the ASX, specialising in SAP migration, cloud transformation and ICT advisory services. The company focuses on Tier 1 enterprise and government clients, with an expanding presence in the energy sector and a growing international footprint, including newly established operations in the U.S.

Average Trading Volume: 86,582

Technical Sentiment Signal: Strong Sell

For detailed information about STH stock, go to TipRanks’ Stock Analysis page.