Highlights

  • Dicker Data (ASX:DDR) paid an 11.5 cents per share fully franked dividend in early September 2026 for the June quarter
  • 1HFY26 net profit after tax rose 54.1% to $60.7 million on gross revenue of $2,100.9 million
  • FY26 guidance was updated to gross revenue of $4.3-4.4 billion and profit before tax of $162-165 million
  • The company agreed in early October 2026 to acquire Sektor Group for NZD 138.0 million, about AUD 111.8 million

Dicker Data is an Australian owned and operated technology distributor supplying hardware, software and cloud solutions to a network of reseller partners across Australia and New Zealand.

Company Business

Dicker Data operates as a wholesale distributor, sitting between global technology vendors and the resellers, managed service providers and integrators that sell to businesses and government. Its offering spans end-point devices, software licensing and advanced solutions such as data centre infrastructure, networking and cybersecurity. The company reports on a calendar-year basis, so its FY26 runs to the end of December 2026.

During the first half of FY26, the group added a range of new vendors, including ADATA, AvePoint, Bambu Lab, D-Link, GoTo, Huntress, LevelBlue and Symbio, while strategic vendor appointments such as CrowdStrike and VAST contributed to growth. The company reports more than 12,000 partners across Australia and New Zealand.

Recent Developments

In early October 2026, Dicker Data (ASX:DDR) entered a trading halt and then announced an agreement to acquire 100% of Sektor Group, an Asia-Pacific distributor of point-of-sale and enterprise mobility technology, cybersecurity, physical security and specialised infrastructure solutions. Sektor operates in Australia, New Zealand, Thailand and Malaysia and employs about 230 people.

The purchase price is NZD 138.0 million, or about AUD 111.8 million, on a cash-free, debt-free basis, funded by extending existing debt facilities. For the twelve months to August 2026, Sektor recorded unaudited gross revenue of NZD 440 million and normalised pre-AASB16 EBITDA of NZD 22.7 million. Dicker Data is targeting annualised post-integration EBITDA of about NZD 28-32 million, before one-off costs, and expects the deal to be earnings accretive in FY26 excluding those costs. Completion was expected by the end of October 2026, subject to conditions and approvals.

The company said the acquisition provides a direct operating presence in Thailand and Malaysia, adds the point-of-sale and automatic identification category, and expands its exposure to cybersecurity and physical security.

Financial Performance and Dividend Profile

For the six months to June 2026, gross revenue increased 14.2% to $2,100.9 million, while statutory revenue rose 13.5% to $1,406.8 million. Gross profit grew 23.0% to $205.6 million, with the gross margin up 70 basis points to 9.8%. EBITDA increased 37.3% to $103.5 million, net operating profit before tax rose 50.1% to $86.4 million, and net profit after tax climbed 54.1% to $60.7 million. Recurring gross software sales reached $600.0 million, up 20.7%, and AI-related invoiced value exceeded $50 million, a record for a first half.

Australia delivered gross revenue of $1,831.5 million, up 18.3%, with operating profit before tax up 55.9% to $82.5 million. New Zealand gross revenue fell 7.6% to $269.4 million, which the company linked to softer conditions and currency translation.

Dicker Data (ASX:DDR) pays dividends quarterly. Its dividend for the March 2026 quarter was 11.5 cents per share, fully franked, paid in early June. The June quarter dividend was also 11.5 cents per share, fully franked. A dividend reinvestment plan operated with a 1.0% discount, and the reinvestment price for the September payment was set at AUD 12.9225.

Following the half-year result, FY26 guidance was set at gross revenue of $4.3-4.4 billion, representing growth of around 11-14%, and profit before tax of $162-165 million. Total expenses fell to 5.9% of gross sales from 6.1%.

Management expects second-half growth to come from data centre, software and AI-related projects, with end-point growth moderating.

Risks to Consider

Distribution operates on thin margins, so changes in vendor terms, pricing or product mix can affect profitability. The company has flagged that AI-related revenue, expected to accelerate in the second half, is typically lower margin, and that higher component and supply chain pricing may lift inventory replenishment costs and reduce unit demand. New Zealand remains softer, and currency movements affect reported results. The Sektor acquisition adds debt and integration demands, including operations in new Asian markets.

What to Watch Next

Key items include confirmation of Sektor completion and its contribution over the final two months of FY26, delivery against full-year guidance, and the next quarterly dividend declaration. The full-year FY26 result, due in early 2027, will show how second-half trends in data centre, software and AI projects have played out, along with any update on end-point demand.

Key Insights

Dicker Data (ASX:DDR) has continued to pay 11.5 cents per share fully franked each quarter in 2026, supported by a first half in which net profit after tax rose 54.1%. Guidance points to profit before tax of $162-165 million for FY26. The agreed Sektor acquisition marks a step into Thailand and Malaysia and into new product categories, funded through expanded debt facilities.