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© HANSEN 20th August 2025 FINANCIAL YEAR 2025 RESULTS PRESENTATIONFor personal use only
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© HANSEN IMPORTANT NOTICE This presentation has been prepared by Hansen Technologies Limited (Hansen) Information contained in this presentation: • Is intended to be general background information only, and is not intended that it be relied upon as advice to investors or potential investors and is not an offer or invitation for subscription, purchase, or recommendation of securities in Hansen. • Should be read in conjunction with Hansen's financial reports and market releases on ASX. • Includes forward-looking statements about Hansen and the environment in which Hansen operates, which are subject to significant uncertainties and contingencies, many of which are outside the control of Hansen – as such undue reliance should not be placed on any forward-looking statements as actual results or performance may differ materially from these statements. • Includes statements relating to past performance, which should not be regarded as a reliable guide to future performance. • Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance – however, such information has not been subject to audit or review in accordance with Australian Auditing Standards. All dollar values are in Australian dollars (A$) unless otherwise stated. Definitions: • FY21 = financial year ended 30 June 2021 • FY22 = financial year ended 30 June 2022 • FY23 = financial year ended 30 June 2023 • 1H24 = six months ended 31 December 2023 • 2H24 = six months ended 30 June 2024 • FY24 = financial year ended 30 June 2024 • 1H25 = six months ended 31 December 2024 • 2H25 = six months ended 30 June 2025 • FY25 = financial year ended 30 June 2025 • FY26 = financial year ended 30 June 2026 • EBITDA* = Earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains (losses) • Underlying EBITDA* = Earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains (losses), not including non-recurring items • Cash EBITDA* = Underlying EBITDA, less Capitalised development costs • NPAT = Net profit after tax • NPATA* = Net profit after tax excluding tax effected amortisation of acquired intangibles and non-recurring items • EPSa = Earnings per share on NPATA • EBITDA and NPATA are non-IFRS measures that have not been audited or reviewed by Hansen’s auditors. 2 For personal use only
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© HANSEN AGENDA • Overview • Results Details • Sustainability • M&A & AI Update • Outlook • Q&A • Financial Statements 3 For personal use only
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© HANSEN Andrew Hansen – Global CEO & Managing Director OVERVIEWFor personal use only
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© HANSEN Hansen (ASX: HSN) is a global provider of software and services to the energy & utilities and communications & media industries. Used in more than 80 countries, Hansen provides customers with industry-specific software solutions and expertise to grow their profits, enable commercial agility and provide exceptional customer experiences +80 Countries utilise Hansen products and services 1600+ Employees across 26 offices Enabling customers to transform their business to support new communications, energy and utilities-based services Providing Modular, Cloud-Based Products for the Cloud- Driven Evolution Delivering Engaging, Omni-Channel Experiences 5 +10 Years Consistently low churn rates with average customer tenure greater than 10 years ~14.5% Revenue CAGR since 2008 For personal use only
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© HANSEN FY25 FINANCIAL SUMMARY Operating Revenue $392.5m Up 11.2% Communications & Media Revenue $171.3m Up 15.0% Energy & Utilities Revenue $221.2m Up 8.3% Underlying EBITDA $111.7m Up 20.9% Underlying EBITDA Margin 28.5% Cash EBITDA $93.4m Up 21.5% Cash EBITDA Margin 23.8% Underlying NPATA $56.9m Up 43.3% 6 For personal use only
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© HANSEN OPERATIONAL HIGHLIGHTS 7 Restructured business into two operating verticals for better operating efficiency and alignment A strategic five-year agreement with one of USA’s largest renewable energy portfolios, for an estimated contract value of $16m Harnessing AI to boost productivity through smarter automation and rapid application rollout Acquired assets from CONUTI in Germany enhancing our investment and presence in the German market Delivered strong EBITDA growth with Underlying and Cash EBITDA margins well above original expectations Signed a transformative $50m five- year agreement with VMO2, a Joint Venture between Telefónica and Liberty Global For personal use only
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© HANSEN Richard English - Chief Financial Officer RESULTS DETAILSFor personal use only
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© HANSEN • Cash EBITDA increased 21.5% with an FY25 Cash EBITDA margin of 23.8% • Our continued investment in R&D and AI-driven product innovation enhances customer outcomes and drives future growth STRONG OPERATING MOMENTUM DRIVES GROWTH IN REVENUE, CASH AND EBITDA Operating Revenue ($m) • Operating revenue up 11.2% from FY24, supported by strong industry tailwinds in both Verticals • The core business achieved an Operating revenue CAGR across the last 3 years of circa 6% Underlying EBITDA ($m) Underlying NPATA ($m) Cash EBITDA ($m) • Underlying EBITDA increased 20.9% vs FY24, reflecting improved efficiency, cost discipline and a faster than anticipated shift to profitability in Germany • Solid Underlying EBITDA margin of 28.5% • Underlying NPATA up 43.3% from FY24 • NPAT up 105.7% and Underlying NPAT up 52.3% • Increases are supported by the integration of powercloud and recognition of tax assets 296.5 311.8 353.1 392.5 FY22 FY23 FY24 FY25 100.3 99.5 92.4 111.7 FY22 FY23 FY24 FY25 58.2 55.6 39.7 56.9 FY22 FY23 FY24 FY25 84.7 78.4 76.9 93.4 FY22 FY23 FY24 FY25 9 For personal use only
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© HANSEN HARNESSING GLOBAL REACH AND DIVERSITY TO DRIVE GROWTH 10 Revenue Diversity Licence Revenue ($m)Support & Application Revenue ($m) • Highly predictable and repeatable revenue sources • Key implementation activities completed during FY24 in Americas & APAC with strong growth of 21.8% in EMEA • Under IFRS 15, licence recognition varies by customer and solution • Certain contracts require upfront licence revenue recognition • Term licences contribute ~9–12% of annual revenue 20% 12% 68% AMERICAS APAC EMEA 33.4 29.3 36.3 49.9 FY22 FY23 FY24 FY25 • Supporting hundreds of Tier 1 and 2 clients in over 80 countries, Hansen generates revenue that is highly diversified by geography, industry vertical, currency, and product line • Hansen’s steady, predictable income is underpinned by long-term contracts in two essential service segments Communications & Media and Energy & Utilities • This diversity and contractual stability helps provide strong protection against customer or market concentration, reinforcing the resilience of Hansen’s global business model 155.7 169.2 195.0 237.4 52.8 54.5 60.8 43.6 53.2 57.3 60.1 59.8 FY22 FY23 FY24 FY25 EMEA APAC AMERICAS 44% 56% Communications & Media Energy & Utilities For personal use only
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© HANSEN AI Market Trends: • Market Growth: Rising demand for 5G, IoT, and digital services is driving the need for agile CPQ, Catalog, and Provisioning solutions • Tech Evolution: Telcos are seeking AI-driven product catalogs, real-time provisioning, and dynamic pricing to stay competitive • Revenue Shift: Operators are expanding into network slicing, IoT, and bundled services, needing faster activation and flexible offers • Key Trends: AI-powered CPQ, cloud-native catalog management, no-code configuration, and API-led automation Why This Is Good for Hansen: • Hansen CPQ & Catalog streamlines complex pricing and quoting and ensures real-time, consistent product management • Hansen Provision automates activation, reducing costs and time-to-market • Competitive Edge: API-first, modular solutions for seamless telecom integration COMMUNICATIONS & MEDIA 11 Revenue by Region ($m) Licence Revenue ($m) Contribution Margin 98.5 105.6 109.3 131.8 38.2 31.2 28.0 32.1 10.7 10.3 11.6 7.4 FY22 FY23 FY24 FY25 EMEA AMERICAS APAC 25.6 24.2 24.6 40.3 FY22 FY23 FY24 FY25 Licences Result ($m) FY25 FY24 Variance (%) Revenue 171.3 148.9 15.0% Segment Expenses 77.4 75.9 2.0% Segment Result 93.9 73.0 28.6% Contribution Margin 54.8% 49.0% For personal use only
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© HANSEN Market Trends: • Smart Metering Growth: EU electricity customers with smart meters will increase from 60% (2023) to 80% (2029)(1) • Tech-Driven Expansion: New IoT technologies accelerating smart metering adoption(1) • CIS Market Growth: Customer information systems market will reach $2.73B by 2029, growing at 13.3% CAGR(2) • Key Trends: AI, predictive analytics, IoT, mobile access, personalisation, real-time processing, digital twins Why This is Good for Hansen: • Market Opportunity: Growth in smart metering and CIS aligns with Hansen’s expertise • Tech Integration: Hansen’s AI, IoT, and analytics support utility transformation • Customer-Centric Solutions: Hansen helps utilities enhance billing, operations, and customer engagement ENERGY & UTILITIES 12 Revenue by Region ($m) Support and Application Revenue ($m) Contribution Margin (1) Europe Smart Metering Industry Report 2025-2029. Dublin, March 20, 2025 (GLOBE NEWSWIRE) (2) www.researchandmarkets.com/reports/5971064/customer-information-system-market-report 74.3 78.0 106.0 136.0 45.2 47.0 53.1 38.6 29.6 39.7 45.1 46.6 FY22 FY23 FY24 FY25 EMEA APAC AMERICAS 88.4 93.7 117.2 141.7 51.7 64.9 74.7 68.6 FY22 FY23 FY24 FY25 Support & Maintenance Application • The E&U Segment result in FY25 was impacted by one-off restructuring costs relating to powercloud and the core, as well as the short-term impact of the lower gross margins from the powercloud acquisition. • Excluding powercloud, the E&U Segment Revenue 3 year CAGR exceeds 6% Result ($m) FY25 FY24 Variance (%) Revenue 221.2 204.2 8.3% Segment Expenses 140.5 116.3 20.8% Segment Result 80.7 87.9 (8.2%) Contribution Margin 36.5% 43.0% For personal use only
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© HANSEN 46.0 409.6 (329.8) (7.2) (37.0) (5.2) (9.0) (18.9) (0.3) 48.2 Opening Cash Balance Receipts from customers Payments to suppliers and employees Net Interest, Tax & Other Investing Activities & Other Lease liabilities Debt movements Dividends paid FX Closing Cash Balance STRONG CASH GENERATION AND CONVERSION 13 Group Cash Flow ($m) Reinvesting in our products • $18.3m of capitalised R&D with more expensed refining our core products Returning funds to shareholders • Paid out $18.9m of dividends to shareholders Continued M&A investment • The Group purchased assets from CONUTI for $11.2m and invested $2.2m in Dial AI Strong Cash flow Conversion • Cash Conversion Ratio which is EBITDA divided by Net cash from operating activities is stable at 0.7x • Reflecting the continued wind down of working capital, at the time of this presentation Hansen is Net cash positive $30.4m – Free Cash Flow Operating Activities Investing Activities Financing Activities For personal use only
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© HANSEN 185.8 158.4 117.5 87.9 54.3 70.2 65.4 FY19 FY20 FY21 FY22 FY23 FY24 FY25 ROBUST FINANCIALS, DISCIPLINED CAPITAL USE Rapid Debt Reduction Borrowings ($m) Strong and Stable Cash Generation Cash Conversion Ratio2 powercloud Sigma 14 Borrowing Levels Down $120.4m since FY19 Dividends $120.7m paid since FY19 Borrowing levels down 65% including recent acquisitions Leverage Ratio1 less than 0.2x We prioritise the careful return of funds to our shareholders while retaining sufficient capital for further acquisition opportunities 2. Cash Conversion Ratio is EBITDA divided by Net cash from operating activities1. Leverage Ratio is Net Debt (Cash Assets less Interest-Bearing Liabilities) divided by Underlying EBITDA. Underlying EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation and excluding net foreign exchange gains (losses) and separat ely disclosed items, which represent the one-off costs during the period. CONUTI 0.7x0.7x0.8x 0.9x 0.8x0.9x 0.7x FY25FY24FY23FY22FY21FY20FY19 For personal use only
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© HANSEN DISCIPLINED, CUSTOMER-FOCUSED R&D DRIVES INNOVATION AND LONG-TERM VALUE Driving Forces for R&D: Customer-Led Innovation – Enhancing product capabilities to meet evolving customer needs Regulatory & Market Trends – Staying ahead of industry standards and competitive pressures Technology Advancements – Leveraging AI, cloud, and automation for next-gen solutions Operational Efficiency – Improving scalability and cost-effectiveness of our solutions Energy & Utilities Sector • Transition to renewable energy, decentralised grids and Virtual Power Plants • Demand for smart metering & real-time billing solutions • Increasing regulatory compliance and market reforms Telecommunications & Media • Evolution to 5G, IoT, and network virtualisation. • Need for scalable, cloud-based BSS/OSS solutions • Growth in subscription-based & bundled services Disciplined R&D Investment: Strategic Focus – Aligning R&D spend with long-term growth and value creation ROI-Driven Decisions – Prioritising projects with strong commercial potential Governance & Review – Regular assessment to ensure efficiency and impact R&D Spend Allocation: Capitalised – Long-term product development investments Expensed – Continuous enhancements & operational improvements including market-leading solutions developed with client funding ~$34.5m spent on Capitalised and Expensed R&D in FY25 15 53% 47%Capitalised Expensed For personal use only
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© HANSEN Richard English - Chief Financial Officer SUSTAINABILITYFor personal use only
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© HANSEN SUSTAINABILITY AT THE CORE OF LONG-TERM VALUE CREATION Exceeded Emissions Reduction Target Achieved a 40% reduction in Australian emissions two years ahead of FY26 target; Australia certified carbon neutral for the fourth consecutive year Global Emissions Benchmarking Established global Scope 1–3 GHG emissions baseline Customer-Focused Climate Innovation Launched AI-Optimised Trade Solution and expanded Community Solar Platform supporting customers' net-zero transitions Inclusive and Diverse Workforce Maintained strong female leadership representation and delivered a new wellbeing & safety hub Strengthened Supplier Engagement Rolled out sustainability self-assessments to suppliers enhancing transparency and supply chain resilience Climate Scenarios Conducted climate scenario analysis with independent experts to assess climate risks and opportunities and support resilient strategic planning ASRS Readiness Completed IFRS/ASRS readiness assessment and delivered largely AASB S2 compliant Sustainability Report to enhance disclosure quality and align with emerging standards Material Topics Refreshed materiality assessment with global stakeholder engagement to ensure our strategy aligns with key ESG priorities FY25 Highlights Sustainability Recognition Since FY21, Hansen’s Australian operations have been certified carbon neutral by Climate Active. We have invested only in tangible wind power projects. Moving forward we will begin shifting our focus to a science- based emissions reduction pathway In November 2024, Hansen was awarded the EcoVadis "Committed" badge, recognising our strong performance in sustainability and commitment to continuous ESG improvement. In March 2025, MSCI upgraded Hansen’s ESG rating to AA, recognising Hansen as a leader in managing ESG risks and opportunities. 17 For personal use only
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© HANSEN • Andrew Hansen – Global CEO & Managing Director M&A & AI UPDATEFor personal use only
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© HANSEN 39.1 54.3 57.8 57.6 56.6 63.8 86.0 106.3 149.0 174.7 230.8 231.3 301.4 286.7 296.5 311.8 353.1 392.5 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21* FY22 FY23 FY24 FY25 EMEA APAC AMERICAS A LONG-TERM TRACK RECORD OF VALUE CREATION THROUGH M&A 19 2008 Peace Increased industry presence globally 2010 Nirvanasoft Expansion into North American market 2013 ICC Extends HSN to the media and entertainment industry 2013 Utilisoft Adds 15 new Australian utilities customers 2014 Banner Adds a water billing segment with customers in US, Canada and the Caribbean 2015 Telebilling Adds established European telco clients, extends product offering to include ERP and CRM 2016 PPL Extends HSN's footprint into the US 2017 Enoro Builds upon existing European Energy footprint with market leading Nordic software 2019 Sigma Expands scale and scope and provides cross-selling opportunities in the Comms global space 2024 powercloud Expands HSN’s German presence and future expansion into the DACH Region Operating Revenue ($m) 13 Successful acquisitions since 2008 * Excludes Telefónica Germany licence revenue of $20m 2016 HiAffinity Water billing to the UK, Australia, Africa & Americas 2025 Dial AI CONUTI Secures key IP in the German region and provides a unique call centre offering for our customers FY08 – FY25 CAGR Operating Revenue +14.5% Underling EBITDA +14.7% For personal use only
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© HANSEN GERMAN MARKET EXPANSION FUELS HANSEN’S EUROPEAN GROWTH STRATEGY Continued investment in Germany with the acquisition of key assets from CONUTI powercloud now cash generative and delivered positive Underlying EBITDA for FY25 Continued focus on existing customers in the German market, with a re-launch finalised as Hansen Germany Significant investment behind the core German product meeting the regulatory change deadline on time and on budget Focused on product enhancement to support customers in the rapidly changing German market Pipeline building, driven by Germany’s energy transition and smart meter rollout 20 For personal use only
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© HANSEN M&A STRATEGY Opportunities for technology leverage or transfer Focus on providing mission critical, enterprise software Predictable and recurring revenues and cash flows Long-term tier 1 and 2 customer relationships Leverage our commercial & technical delivery expertise Clear ownership of intellectual property (IP) Company-Specific CriteriaTargeted Industry Criteria Hansen continues to actively manage its M&A pipeline and is well placed to execute on strategic opportunities with strong operational and financial bandwidth Energy & Utilities: • Targeting entry into high-growth markets or scale/product expansion in existing jurisdictions (e.g. CIS, MDM, energy trade, market messaging, etc.) Communications & Media: • Pursuing solutions aligned with global standards (e.g. TM Forum) that enhance scale and complement Hansen’s global product platform (e.g. CC&B, catalog, provisioning, etc.) Third Industry Vertical: • Exploring new verticals that demonstrate strong strategic alignment and offer opportunities to leverage Hansen’s commercial and technical capabilities – particularly in financial services, healthcare, and education • A focused analysis of the insurance sector reveals a high degree of alignment with Hansen’s core strengths, indicating strong potential for growth and impact 21 For personal use only
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© HANSEN ADVANCING WITH AI – DRIVING OPERATIONAL EFFICIENCY AI now a core enabler of Hansen’s technology roadmap Strategic AI Integration across key platforms and product lines to enhance automation, analytics, and decision-making Productivity gains realised through automation of repetitive tasks and intelligent workflow optimisation Headcount efficiencies achieved without compromising delivery or customer experience Enhanced support scalability across global operations Smarter Operations – AI in Action AI-driven tools are transforming Hansen’s core operational areas by accelerating speed, reducing manual effort, and improving quality: • Testing and QA Efficiency Automated test generation and defect prediction are significantly reducing QA cycles and increasing release confidence helping to reduce costs significantly • Customer Support Resolution & Documentation AI-powered knowledge retrieval and case triaging are shortening response times, enabling faster, more accurate support at scale reducing reliance on analysts • Data Migration & System Integration Intelligent mapping and validation tools are streamlining complex migrations, lowering risk and reducing time-to-value for customers Outlook – Scaling AI Impact Hansen is planning to build long-term advantage through deep AI integration • Deep AI integration Across development, testing, and product workflows to drive structural cost savings • Enhanced R&D efficiency Automation supporting margin growth without proportional headcount increases • Investment in predictive analytics AI-driven insights to create new revenue opportunities • Continued AI expansion To improve service quality, scalability, and customer satisfaction • Strengthened customer engagement Leveraging AI to deliver personalised experiences and proactive support • Sustained competitive advantage AI is helping position Hansen for sustained competitive advantage and long-term value creation 22 For personal use only
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© HANSEN Andrew Hansen – Global CEO & Managing Director OUTLOOKFor personal use only
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© HANSEN Hansen continues to target organic revenue growth of 5–7% over the medium-term, supported by sector tailwinds and ongoing product innovation, noting that FY25 had a higher proportion of licence revenue than is expected in FY26. We continue to target a medium-term Underlying EBITDA margin of 30% or above through disciplined cost management and operational efficiency Growth Indicators Decarbonisation mandates: Stricter global emissions targets force utilities to modernise billing and analytics, directly boosting demand for Hansen’s modules and distributed-asset monetisation solutions Smart-grid roll-outs: National smart-meter and grid-modernisation programmes expand meter-point volumes, expanding the addressable market for Hansen’s scalable billing, CRM and data-management platforms Digital transformation: We are beginning to see increased IT spending by Energy and Telecommunications operators on cloud migration, best-in-breed software and API-driven ecosystems which accelerates the adoption of Hansen’s cloud-first, integration-ready software 5G and edge computing: The roll-out of 5G and edge-computing services, demands high-throughput, low-latency billing and settlement. This plays to Hansen’s strengths in large-scale transaction processing and partner-ecosystem integrations AI and data-analytics adoption: Operators embedding AI/ML for predictive maintenance and personalised customer engagement tap directly into Hansen’s growing suite of AI-enabled modules and analytics toolkits ESG and regulatory reporting: New disclosure regimes require robust data-capture, audit-trail and compliance workflows - driving the need for Hansen’s highly accurate data analytics modules Electrification of transport: The continued rapid uptake of EV’s creates thousands of new charge-point meter points, feeding Hansen’s billing engines and accelerating recurring-revenue growth Industry consolidation and partnerships: There will be continued consolidation across the market as regional providers struggle to keep up with increased demands for product innovation, helping support Hansen’s M&A strategy OUTLOOK 24 For personal use only
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© HANSEN Q&AFor personal use only
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© HANSEN FINANCIAL STATEMENTS & APPENDIXFor personal use only
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© HANSEN 27 These statements should be read in conjunction with Hansen's financial reports and market releases on ASX Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance – however, such information has not been subject to audit or review in accordance with Australian Auditing Standards CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 $'000 $'000 Operating revenue 392,486 353,106 Other income 11,817 2,328 Total revenue from contracts with customers and other income 404,303 355,434 Employee benefit expenses (225,077) (209,228) Depreciation expense (12,049) (12,218) Amortisation expense (40,393) (37,254) Property and operating rental expenses (3,598) (3,341) Contractor and consultant expenses (4,447) (5,910) Software licence expenses (6,026) (4,008) Hardware and software expenses (33,665) (29,872) Travel expenses (3,499) (3,322) Communication expenses (1,701) (2,005) Professional expenses (10,992) (6,724) Finance costs on borrowings (3,742) (3,786) Finance costs on lease liabilities (1,540) (1,019) Foreign exchange gains / (losses) 50 (912) Other expenses (3,637) (5,151) Share of net loss of associate (45) - Total expenses (350,361) (324,750) Profit before income tax expense 53,942 30,684 Income tax expense (10,618) (9,620) Net profit after income tax expense (NPAT) 43,324 21,064 Other comprehensive income/(expense) Items that may be reclassified subsequently to profit and loss Exchange differences on translation of foreign operations 17,099 (5,552) Other comprehensive income/(expense) for the year, net of tax 17,099 (5,552) Total comprehensive income for the year 60,423 15,512 21.3 10.4 21.0 10.3 Basic earnings (cents) per share attributable to ordinary equity holders of the Company Diluted earnings (cents) per share attributable to ordinary equity holders of the Company RECONCILIATION OF UNDERLYING EBITDA AND NPATA FOR THE YEAR ENDED 30 JUNE 2025 Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA)1 - Reconciliation 2025 2024 $'000 $'000 Profit before income tax expense 53,942 30,684 Add back Amortisation expense 40,393 37,254 Depreciation expense 12,049 12,218 Finance costs on borrowings 3,742 3,786 Finance costs on lease liabilities 1,540 1,019 Finance income (340) (227) Share of losses/(profits) from associates 45 - Foreign exchange losses / (gains) (50) 912 EBITDA 1 111,321 85,646 Add back Separately disclosed items 329 6,731 Underlying EBITDA 2 111,650 92,377 Less Capitalised development costs 18,278 15,461 Cash EBITDA 3 93,372 76,916 1 2 3 Underlying net profit after tax before acquired amortisation, net of tax (NPATA)1 - Reconciliation Net profit after income tax expense (NPAT) 43,324 21,064 Add Tax effect of separately disclosed items (4,089) (1,800) Separately disclosed items 329 6,731 39,564 25,995 Add Acquired amortisation, net of tax 17,349 13,717 56,913 39,712 1 2 Underlying net profit after income tax expense for the half-year (Underlying NPAT) 2 EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains/(losses) and loss on investments in associates. Underlying EBITDA, exclude separately disclosed items, which represent the one-off costs during the period. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report which can be found on the Company’s web site. Cash EBITDA is Underlying EBITDA less Capitalised development costs Underlying net profit after income tax before acquired amortisation, net of tax (Underlying NPATA) 1 Underlying net profit after tax, before acquired amortisation, net of tax, or Underlying NPATA, excludes separately disclosed items, which represent one- off costs incurred during the financial year and acquired amortisation, net of tax. Underlying net profit after tax or underlying NPAT exclude separately disclosed items, which represent the one-off costs during the financial year. For personal use only
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© HANSEN 28 These statements should be read in conjunction with Hansen's financial reports and market releases on ASX Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance –however, such information has not been subject to audit or review in accordance with Australian Auditing Standards CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025 2025 2024 $'000 $'000 Current assets Cash and cash equivalents 48,191 46,021 Receivables 60,986 62,829 Accrued revenue 54,969 36,508 Other current assets 8,264 7,640 Total current assets 172,410 152,998 Non-current assets Investments accounted for using the equity method 2,148 - Plant, equipment & leasehold improvements 12,786 15,710 Intangible assets 1 384,977 373,409 Right-of-use assets 16,510 16,385 Deferred tax assets 11,099 7,013 Other non-current assets 1,312 1,317 Total non-current assets 428,832 413,834 Total assets 601,242 566,832 Current liabilities Payables 31,958 31,534 Lease liabilities 4,684 4,889 Current tax payable 8,179 3,727 Provisions 29,117 30,208 Unearned revenue 1 34,471 38,837 Total current liabilities 108,409 109,195 Non-current liabilities Payables 449 - Deferred tax liabilities 1 30,443 33,308 Borrowings 65,414 70,221 Lease liabilities 13,512 14,240 Provisions 939 915 Unearned revenue 2,126 1,808 Total non-current liabilities 112,883 120,492 Total liabilities 221,292 229,687 Net assets 379,950 337,145 Equity Share capital 152,059 150,599 Foreign currency translation reserve 18,806 1,707 Share-based payment reserve 14,722 13,440 Retained earnings 194,363 171,399 Total equity 379,950 337,145 1 Certain balances have been restated in accordance with the accounting for business combination following the finalisation of acquisition accounting associated with powercloud. Refer to Note 25 to the Financial Report which can be found on the Company’s website. CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 $'000 $'000 Cash flows from operating activities Receipts from customers 409,571 382,879 Payments to suppliers and employees (329,761) (304,441) Interest received 340 227 Finance costs on borrowings (3,467) (3,501) Finance costs on lease liabilities (1,540) (1,019) Net receipts/(transaction costs) relating to the acquisition of a subsidiary 10,147 (519) Income tax paid (12,673) (14,520) Net cash inflow from operating activities 72,617 59,106 Cash flows from investing activities Payments for investment in associate (2,184) - Payment for acquisition (11,221) (38,303) Payments for plant, equipment and leasehold improvements (5,348) (5,060) Payment for capitalised development costs (18,278) (15,461) Net cash outflow from investing activities (37,031) (58,824) Cash flows from financing activities Proceeds from borrowings 8,950 55,270 Repayment of borrowings (17,767) (37,334) Establishment of loan fees (210) (205) Repayment of lease liabilities (5,181) (5,983) Dividends paid, net of dividend re-investment (18,897) (18,403) Net cash outflow from financing activities (33,105) (6,655) Net increase/(decrease) in cash and cash equivalents 2,481 (6,373) Cash and cash equivalents at beginning of the year 46,021 54,279 Effects of exchange rate changes on cash and cash equivalents (311) (1,885) Cash and cash equivalents at end of the year 48,191 46,021 For personal use only
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© HANSEN For personal use only