Highlights

  • DTL shares closed at $11.09, up 17.85% during trading on 24 August 2026
  • The stock touched a 52-week high during the session
  • Shares have gained approximately 38.63% over the past year
  • FY2026 gross sales increased 12.7% to $3.4 billion, with net profit after tax rising 13.1% to $54.5 million

Data#3 Ltd (ASX:DTL) shares closed at $11.09, up 17.85% for the day, after touching a 52-week high during the Trading session on 24 August 2026. The stock has now gained approximately 39% over the past year, extending its climb following a record FY2026 result marked by double-digit growth in profit and dividends. With the shares closing firmly in the green, investors are looking closely at what drove the result and whether Data#3 remains worth a look at current levels.

About Data#3 Ltd

Data#3 Ltd is a leading Australian information technology solutions and services provider, offering a broad range of products spanning cloud services, cybersecurity, digital transformation, hardware and software procurement, and managed IT services. The company has built a long track record of servicing corporate, government and education clients across Australia, positioning itself as a trusted partner for organisations navigating increasingly complex technology environments. Data#3's Business model benefits from strong vendor relationships with major global technology providers, allowing it to offer integrated solutions that combine best-in-class products with local implementation and support expertise. As businesses and government agencies continue to invest in cloud migration, Cybersecurity resilience and digital transformation initiatives, Data#3 has been well placed to capture this demand, translating broader technology spending trends into consistent Revenue and Earnings growth. The company's financial discipline, reflected in its consistently strong Balance Sheet and Dividend policy, has also made it a reliable option for income-focused investors within the technology sector, a segment of the market that can otherwise be dominated by high-growth but less profitable businesses.

Key Developments

Data#3 delivered another record FY2026 result, announced on 24 August, reinforcing its position as one of the standout performers within the Australian IT services sector. Gross sales increased 12.7% to $3.4 billion, while statutory revenue rose 6.4% to $907.3 million, reflecting continued strong Demand for the company's technology solutions across its customer base. Earnings before interest and tax (EBIT) increased 16.6% to $69.8 million, outpacing revenue growth and pointing to improving Operating Leverage and Margin expansion within the business. Net profit after tax rose 13.1% to $54.5 million, with Basic Earnings Per Share increasing 13%, demonstrating that profit growth has translated effectively through to Shareholder returns on a per-share basis. The company also lifted its fully franked full-year dividend by 13% to 31.75 cents per share, further underscoring the strength of its cash generation and its commitment to returning Capital to shareholders. Notably, Data#3 reported no borrowings, highlighting a conservative balance sheet approach that provides significant financial flexibility. Collectively, these results demonstrate continued demand for Data#3's technology solutions and underline the company's strong underlying financial resilience, even as broader macroeconomic conditions create uncertainty for many other businesses.

Conclusion

Data#3's record FY2026 result, featuring double-digit growth across sales, EBIT, net profit and dividends, together with a debt-free balance sheet, provides a compelling case for the stock's move to a 52-week high. The company's consistent execution and disciplined financial management have positioned it as one of the more dependable performers within the Australian technology sector. Looking ahead, investors will likely focus on the company's ability to sustain this growth trajectory into FY2027, particularly as demand for cloud, cybersecurity and digital transformation services continues to evolve across its corporate, government and education client base.