Hansen Technologies (ASX:HSN) Margin Rebound To 11% Tests Bearish Earnings Narratives

Simply Wall St.

Feb 19

Hansen Technologies (ASX:HSN) has backed up its H1 2026 earnings release with a clear lift in the recent run of numbers, with H2 2025 revenue at A$214.2 million, basic EPS of A$0.25 and net income of ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHansen Technologies (ASX:HSN) Margin Rebound To 11% Tests Bearish Earnings Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-19 17:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/software/asx-hsn/hansen-technologies-shares/news/hansen-technologies-asxhsn-margin-rebound-to-11-tests-bearis><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hansen Technologies (ASX:HSN) has backed up its H1 2026 earnings release with a clear lift in the recent run of numbers, with H2 2025 revenue at A$214.2 million, basic EPS of A$0.25 and net income of ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/software/asx-hsn/hansen-technologies-shares/news/hansen-technologies-asxhsn-margin-rebound-to-11-tests-bearis\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSN.AU","symbol_name":"HANSEN TECHNOLOGIES LTD","start_time":0,"source_url":"https://simplywall.st/stocks/au/software/asx-hsn/hansen-technologies-shares/news/hansen-technologies-asxhsn-margin-rebound-to-11-tests-bearis","article_id":"2612401457","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice2-main-header/1585186556238"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/software/asx-hsn/hansen-technologies-shares/news/hansen-technologies-asxhsn-margin-rebound-to-11-tests-bearis","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612401457","pubTimestamp":1771493256,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Hansen Technologies (ASX:HSN) has backed up its H1 2026 earnings release with a clear lift in the recent run of numbers, with H2 2025 revenue at A$214.2 million, basic EPS of A$0.25 and net income of A$43.3 million. The latest trailing 12 month figures point to net profit margins of 11% compared with 6% a year earlier and earnings growth of 105.7% over the same period. The company has seen revenue move from A$185.2 million in H2 2024 to A$178.3 million in H1 2025 and then A$214.2 million in...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HSN.AU":"HANSEN TECHNOLOGIES LTD"},"translate_title":"Hansen Technologies(ASX：HSN)利润率反弹至11%测试看跌盈利叙述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSN.AU":1.5},"content_text":"Hansen Technologies (ASX:HSN) has backed up its H1 2026 earnings release with a clear lift in the recent run of numbers, with H2 2025 revenue at A$214.2 million, basic EPS of A$0.25 and net income of A$43.3 million. The latest trailing 12 month figures point to net profit margins of 11% compared with 6% a year earlier and earnings growth of 105.7% over the same period. The company has seen revenue move from A$185.2 million in H2 2024 to A$178.3 million in H1 2025 and then A$214.2 million in H2 2025, with basic EPS shifting from A$0.02 to near zero then A$0.25. This sets up a story where improving margins and earnings momentum sit alongside forecasts for earnings growth of about 15.6% per year and revenue growth of around 5.9% per year. See our full analysis for Hansen Technologies. With the headline figures in place, the next step is to see how this earnings rebound lines up with the market’s running story on Hansen, and where the numbers challenge some of the widely held views. See what the community is saying about Hansen Technologies ASX:HSN Earnings & Revenue History as at Feb 2026 AdvertisementMargins Lift As Net Profit Reaches A$43.3 Million  On a trailing 12 month basis, Hansen reported A$392.5 million of revenue and A$43.3 million of net income. This works out to an 11% net margin compared with 6% a year earlier and earnings growth of 105.7% over that period. What bullish investors highlight is that this higher 11% margin and strong year over year earnings growth line up with their view that profit margins can build further. However, the five year record of earnings falling about 19.1% per year keeps a check on the idea that recent momentum automatically turns into a straight line of future gains.\n     Supporters of the bullish view point to the move from A$3.4 million of net income in H2 2024 to A$43.3 million in H2 2025 as evidence that the earnings base is now much larger than it was a couple of years ago. At the same time, the earlier period where earnings were shrinking over five years is a reminder that the business has gone through weaker patches before, so anyone relying on the bullish story needs to be comfortable with that history as well as the recent turnaround.    If you want to see how the optimistic case ties these figures to longer term potential, check out the full bull case for Hansen in 🐂 Hansen Technologies Bull Case Valuation Sits Below DCF Fair Value Of A$9.54  Hansen shares trade at A$5.27, which is below a DCF fair value figure of A$9.54. They sit on a trailing P/E of 24.8x compared with 31.3x for the Oceanic Software industry and 38.1x for peers. Bears argue that even with this discount, the longer term record of a 19.1% annual decline in earnings over five years and the dependence on continued earnings growth of about 15.6% per year mean the current price could still be demanding if growth slows from here.\n     The current P/E of 24.8x is lower than industry and peer averages, which lines up with those who see room for catch up, but it still assumes the business can sustain better profitability than in the past five year period of declining earnings. Analysts' revenue growth expectations of around 5.9% per year are also more modest than the recent 105.7% jump in earnings, so anyone leaning toward the bearish view may question whether the market price is giving too much weight to a very strong 12 month patch.    Skeptical investors who focus on the risks in that track record may want to read the detailed bear case before deciding how much weight to give the current valuation gap in 🐻 Hansen Technologies Bear Case Earnings Swing From Near Zero To A$0.25 EPS  At the half year level, basic EPS went from about A$0.0003 in H1 2025 to A$0.25 in H2 2025, with net income moving from roughly A$0.1 million to A$43.3 million over the same span and revenue stepping from A$178.3 million to A$214.2 million. The consensus narrative sees this sharp swing in EPS as part of a broader shift toward recurring SaaS and higher margin software revenue. The numbers also show why there is debate, because license revenue can still add lumpiness and the long term earnings record includes years of decline before this stronger trailing 12 month period.\n     Supporters of the consensus view point out that analysts expect earnings to grow around 15.6% per year with revenue at roughly 5.9% per year, which fits with the idea of a gradually expanding margin on a steady revenue base. Those who are more cautious may look at the move from very low EPS in H1 2025 to A$0.25 in H2 2025 and see how sensitive the bottom line can be to contract timing, which is important context when thinking about how smooth that forecast path might be in real time.    Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Hansen Technologies on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. If this mix of optimism and caution leaves you on the fence, take a closer look at the underlying data. Then move quickly to form your own view, starting with 5 key rewards and 1 important warning sign. See What Else Is Out There Hansen’s weaker five year earnings record, dependence on a sharp recent rebound and reliance on forecasts for future growth may leave you wanting more consistency. If that mix of past earnings declines and forecast dependent expectations feels uncomfortable, check out our 6 resilient stocks with low risk scores to quickly focus on companies with steadier profiles and fewer surprises.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Hansen Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}