Dicker Data (ASX:DDR) Delivers 15.7% Revenue Growth in H1 FY25, Reaffirms Full-Year Guidance

Sonal Goyal

28 August 2025 10:21 AM AEST

Dicker Data (ASX:DDR) Delivers 15.7% Revenue Growth in H1 FY25, Reaffirms Full-Year Guidance

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Highlights

Dicker Data reported H1 FY25 revenue of AUD 1.84 billion, up 15.7% year-on-year, driven by PC refresh cycles and AI-related transactions.

Net Profit Before Tax increased 11.4% to AUD 56.6 million, with dividends declared at 22 cents per share for the half.

FY25 guidance maintained with projected revenue of AUD 3.7–3.8 billion and NPBT between AUD 120–124 million.

Dicker Data Limited (ASX:DDR), an Australian-owned and operated technology hardware, software, and cloud distributor, has announced its financial results for the six months ended 30 June 2025 (H1 FY25). The company delivered double-digit revenue growth, supported by an accelerated PC refresh cycle linked to the Windows 10 end-of-support program and large-scale artificial intelligence (AI) related transactions.

For the half year, gross revenue rose 15.7% compared with the prior corresponding period, reaching AUD 1,840.5 million. The uplift was primarily driven by enterprise demand for device upgrades and significant AI deployments across multiple sectors. Operating earnings (EBITDA) totalled AUD 75.4 million, representing a 9.4% increase, while Net Profit Before Tax (NPBT) reached AUD 56.6 million, up 11.4% on the same period last year.

The company declared a quarterly dividend of 11 cents per share, bringing the total dividend for H1 FY25 to 22 cents per share. Gross margins eased to 9.1%, compared to 9.8% in the prior year, reflecting a higher mix of enterprise transactions and increased competition in the technology distribution market.

Operational Developments

Dicker Data highlighted ongoing market momentum in the Australian device sector, with June marking its tenth consecutive month of device sales growth. The Windows 10 refresh cycle, which began modestly in FY24, accelerated during H1 FY25, particularly among enterprise and mid-market customers. The company expects the refresh program to continue well into 2026, with the small-to-medium business (SMB) segment yet to experience meaningful uplift.

The distributor also recorded progress in artificial intelligence solutions, extending its position as the leading Microsoft Copilot distributor in Australia and New Zealand for ten consecutive months. Notably, Dicker Data was chosen as the distributor for the technology underpinning Australia’s first sovereign AI factory, A1-F1, located in Melbourne. The initial phase of this deployment contributed to first-half revenue, with subsequent phases expected to drive further results in upcoming quarters.

Vendor expansion was another area of focus during the half. The company secured new distributorships with CrowdStrike, BMC, Vast Data, SmokeShield, Urbanista, and Glorious Gaming. Additionally, a new Telco division was launched with support from vendors including Optus and Vocus.

FY25 Outlook

Looking ahead, Dicker Data reaffirmed its guidance for the full year. Gross revenue is expected to be in the range of AUD 3.7 billion to AUD 3.8 billion, representing growth of approximately 10–13% over FY24. Net Operating Profit Before Tax is projected between AUD 120 million and AUD 124 million, equating to a PBT margin of 3.2–3.4%.

The company noted that while SMB demand has remained subdued, enterprise spending on devices, AI solutions, and cloud services continues to drive performance.

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