Spirit Technology Solutions Ltd. (ST1) AI Stock Analysis

• Market Cap: AU$104.60M
• Dividend Yield: N/A
• Average Volume (3M): 40.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -18.64%
• EPS Growth: 92.67%
• Country: AU
• Employees: 36
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): <0.01
• Shares Outstanding: 190,176,330
• 10 Day Avg. Volume: 14,942
• 30 Day Avg. Volume: 40,590
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.60
• Price Target Upside: 11.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: AU$0.50 ▼(-7.41% Downside)

The overall stock score reflects significant financial challenges, particularly in cash flow and profitability, which are partially offset by moderate technical indicators. The lack of positive valuation metrics further weighs on the stock's attractiveness.

Spirit Technology Solutions Ltd. Business Overview & Revenue Model

Company Description

Spirit Technology Solutions Ltd. provides collaboration and communication, cyber security, and managed IT services in Australia. It offers collaboration and communication services, including integrated collaboration, voice, and video solutions with data and office technology for small businesses. The company also provides cyber security services, such as cyber managed services and solutions to corporate and enterprise customers through a 24/7 Security Operations Centre and professional service teams. In addition, it offers a range of managed IT and professional services, including end-user, public cloud, infrastructure and networking, data, and voice solutions to SMB and midmarket customers. The company was formerly known as Spirit Telecom Limited and changed its name to Spirit Technology Solutions Ltd. in October 2020. Spirit Technology Solutions Ltd. is based in Melbourne, Australia.

How the Company Makes Money

ST1 generates revenue through multiple streams, primarily from project-based contracts for software development and consulting services. The company charges clients on a time-and-materials basis for custom software projects, while also offering subscription-based pricing for its cloud solutions and ongoing IT support services. Key revenue streams include the sale of proprietary software licenses, recurring fees from managed services, and consulting fees from strategic IT advisory projects. Additionally, ST1 has formed strategic partnerships with major cloud providers and technology vendors, which not only bolster its service offerings but also create additional referral and commission-based revenue opportunities.

Spirit Technology Solutions Ltd. Financial Statement Overview

Summary

Spirit Technology Solutions Ltd. is experiencing financial difficulties, with shrinking revenue, negative profitability metrics, and cash flow challenges. The balance sheet shows increasing leverage risk, although the equity structure remains balanced. Overall, the company faces significant financial risks that need strategic action.

Income Statement

Spirit Technology Solutions Ltd. has faced declining revenue with a decrease from 2023 to 2024 by approximately 1%. The gross profit margin is shrinking, and the company has consistently posted net losses over the past years, indicating challenges in achieving profitability. Negative EBIT and EBITDA margins further highlight operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has increased over time, indicating a rising leverage risk. However, the equity ratio remains reasonable, suggesting that the company still maintains a balanced asset-to-equity structure. The return on equity is negative due to net losses, pointing to poor shareholder returns.

Cash Flow

Operating cash flow has been negative for the past two years, reflecting cash management challenges. Free cash flow has also been negative, which could affect future growth investments. The cash flow to net income ratios are not favorable, given the consistent net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	102.39M	102.39M	125.85M	127.11M	135.34M	102.79M
Gross Profit	21.87M	21.87M	11.61M	12.60M	12.24M	13.35M
EBITDA	7.75M	7.75M	-6.23M	-8.22M	-46.22M	8.62M
Net Income	-1.37M	-1.37M	-10.55M	-11.39M	-53.17M	1.16M
Balance Sheet
Total Assets	172.68M	172.68M	171.42M	119.18M	123.51M	177.31M
Cash, Cash Equivalents and Short-Term Investments	6.34M	6.34M	8.87M	7.02M	11.73M	8.49M
Total Debt	31.55M	31.55M	38.82M	29.44M	16.03M	14.02M
Total Liabilities	74.11M	74.11M	98.37M	66.05M	64.09M	67.64M
Stockholders Equity	98.57M	98.57M	73.05M	53.13M	59.42M	109.68M
Cash Flow
Free Cash Flow	-2.54M	-2.54M	-4.39M	-4.43M	-767.00K	-18.00K
Operating Cash Flow	-2.19M	-2.19M	-4.13M	-3.73M	3.61M	5.04M
Investing Cash Flow	-17.42M	-17.42M	-16.14M	-11.03M	-1.36M	-52.90M
Financing Cash Flow	17.08M	17.08M	22.11M	10.05M	993.00K	49.95M

Spirit Technology Solutions Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ST1, the sentiment is Positive. The current price of 0.54 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.54, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 57.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ST1.

Spirit Technology Solutions Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
FSG	―	―	―	―	―	―	―
ST1	―	AU$104.60M	-65.48	-1.60%	―	-18.64%	92.67%
SWP	―	€39.68M	―	-19.40%	―	35.24%	-182.42%
5GN	―	AU$39.54M	―	-5.06%	―	26.95%	90.52%
HFY	―	AU$4.09M	-6.25	-11.62%	―	-9.44%	83.16%
VN8	―	AU$26.34M	-38.89	-3.77%	―	-7.05%	75.68%

Spirit Technology Solutions Ltd. Corporate Events

Spirit Technology Solutions Ltd. Successfully Concludes 2025 AGM with All Resolutions Passed

Spirit Technology Solutions Ltd. held its 2025 Annual General Meeting, where all proposed resolutions were carried, including the adoption of the remuneration report, re-election of a director, ratification of prior share issues, and approval of performance rights grants. The approval of a 10% placement facility and a change of company name were also confirmed, indicating a strategic move to enhance operational flexibility and market positioning.

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.

Spirit Technology Solutions Ltd. Annual General Meeting Highlights Strategic Focus

Spirit Technology Solutions Ltd., a company listed on the Australian Securities Exchange under the ticker ASX.ST1, held its Annual General Meeting on October 24, 2025. The board of directors, which includes experienced leaders from successful Australian companies, discussed the company’s strategic direction and leadership roles. The meeting highlighted the company’s focus on secure, sustainable, and scalable solutions, which are central to its operations and future growth strategy.

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.

Spirit Technology Solutions Announces Cessation of Performance Rights

Spirit Technology Solutions Ltd announced the cessation of 472,312 performance rights due to unmet conditions, effective July 29, 2025. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational and strategic execution.

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.

Spirit Technology Solutions Projects Strong FY26 Growth

Spirit Technology Solutions Ltd has announced its FY26 guidance, projecting significant organic growth with expected revenue exceeding $114 million and uEBITDA between $12.6 million and $13.6 million. This reflects a year-on-year growth of approximately 11% in revenue and between 14% and 23% in uEBITDA, driven by improved performance in its secure managed technology division and ongoing success in cyber security solutions.

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.

Spirit Technology Solutions to Release Shares from Escrow

Spirit Technology Solutions Ltd announced the release of 2,693,150 fully paid ordinary shares from voluntary escrow, effective 1 October 2025, in accordance with ASX Listing Rule 3.10A. This move is authorized by the Board of Directors and reflects Spirit’s ongoing commitment to enhancing its market operations and stakeholder engagement.

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.

Spirit Technology Solutions Announces Virtual AGM and New Communication Methods

Spirit Technology Solutions Ltd. has announced its Annual General Meeting (AGM) will be held virtually on October 24, 2025. The company is adapting to recent legislative changes by offering shareholders electronic access to meeting materials, reflecting a shift towards more sustainable and efficient communication methods. This move is expected to enhance shareholder engagement and streamline operations.

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.

Spirit Technology Solutions Ltd Releases 2025 Corporate Governance Statement

Spirit Technology Solutions Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, emphasizing their commitment to transparency and accountability in management and oversight. This move is likely to reinforce stakeholder confidence and ensure compliance with ASX listing requirements.

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.

Spirit Technology Solutions Announces AGM and Director Nominations

Spirit Technology Solutions Ltd, a leader in secure digital transformation and work environments, has announced that its next Annual General Meeting (AGM) will take place on October 24, 2025. The meeting will include an election of directors, with nominations closing on September 12, 2025. This announcement underscores Spirit’s commitment to maintaining robust governance and strategic leadership, which is crucial for its continued growth and industry positioning.

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.

Spirit Technology Solutions Reports Robust FY25 Growth

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.

Spirit Technology Solutions Reports Strong Financial Recovery in FY25

Spirit Technology Solutions Ltd has released its FY25 financial statements, reporting a 12.7% increase in revenue to $102.394 million and a significant improvement in underlying EBITDA, which rose by 562% to $11.018 million. The company’s loss after tax decreased by 87% to $1.374 million, indicating a substantial recovery from the previous year’s performance. The announcement highlights the company’s improved financial health and its strategic focus on enhancing operational efficiency, which could positively impact its market position and stakeholder confidence.

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.