StepChange shares rise on strong quarterly earnings update

Grafa
Tech
StepChange shares rise on strong quarterly earnings update
StepChange shares rise on strong quarterly earnings update
Brie Carter
Written by Brie Carter
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StepChange (ASX:STH) has demonstrated operational momentum, reporting an unaudited quarterly update for the period ended March 31.

The Perth-based technology services firm achieved quarterly revenue of $15.2 million, supported by an EBITDA of $1.5 million.

The performance underscores a period of organic expansion and the strategic integration of BroadReach Group, which has already begun contributing to the group's diversified capabilities and widened client reach.

A key highlight of the report is the expansion of the company’s EBITDA margin, which rose to 9.6%, up from the 8.0% recorded in the first half of the 2026 financial year.

Management attributed this margin improvement to a more efficient delivery mix, optimised consultant utilisation, and a strategic pivot towards high-value, outcome-based engagements.

Growth remains particularly concentrated within Tier 1 enterprise and government sectors, with high demand for core service lines including SAP migration, cloud transformation, and ICT advisory services.

Beyond traditional consultancy, StepChange is aggressively embedding artificial intelligence across its delivery model.

The initiative is designed to drive consistency and output speed, allowing the company to scale operations without a linear increase in headcount.

At the time of reporting, StepChange’s share price was $0.15.

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