Harris Technology Returns to Profit as Refurbished Tech Strategy Lifts Revenue

Harris Technology Group Limited ( (AU:HT8) ) has provided an update.

Harris Technology reported an 18.9% year-on-year rise in half-year sales revenue to $8.3 million, driven by a strategic pivot toward higher-margin refurbished tech, which now exceeds $0.5 million in monthly sales. The refurbished division’s growth, supported by expanded supply partnerships and improved buying power, has reshaped the sales mix and reduced transaction expenses, positioning it as the key growth engine in the current economic climate.

Gross profit climbed 7.1% to $2.8 million, while EBITDA swung to a positive $181,000, reflecting the benefits of the margin-focused strategy after several challenging years. The company generated $0.7 million in positive operating cash flow, held $2.3 million in cash and $3.1 million in inventory at period end, and plans to limit new IT product purchases over the next year to concentrate on scaling its refurbished tech operations and consolidating its position in the budget-conscious segment.

More about Harris Technology Group Limited

Harris Technology Group Limited is an ASX-listed pure-play online retailer focused on information technology and consumer electronics for small and medium businesses in Australia. The company, which has transitioned away from physical stores, sells a wide range of IT products through its own website and major online marketplaces, and is increasingly concentrating on higher-margin refurbished technology.

Average Trading Volume: 247,054

Technical Sentiment Signal: Sell

Current Market Cap: A$3.29M

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