Harvest Tech forges ahead on profit plan, eyes positive EBITDA

Stockhead Special Report: Remote communications tech-solutions provider Harvest Technology Group is tracking one year ahead of its pathway-to-profit plan as it focuses on achieving a positive EBITDA before July 2026.

Harvest Technology Group (ASX:HTG) is currently in stage three of a four-stage plan to profitability.

It’s a plan that came about after an early 2024 board review of the company’s performance and direction, pinpointing strong growth, high recurring revenue and increases in market share.

With the company cost base reset, new sales models in place, the current stage is all about driving to profitability, with the goal to achieve the first month of positive operating EBITDA by the end of FY26.

With high-margin, in-house developed products and full ownership of its IP, HTG expects additional revenue to rapidly boost EBITDA, while operating costs remain low.

HTG aims to have revenue exceed $5 million and EBITDA losses less than $1m in FY26, an improvement from a $6.1m loss in FY24 and an expected less than $3m loss for FY25.

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