Okay, thank you and welcome everyone to the SKS Technologies FY25 results presentation. Joining me today is Gary Beaton, Chief Financial Officer, and I'm Matthew Jinks, Chief Executive Officer. Just to quickly recap the company, we now currently have eight locations across Australia with the new addition of an office in Western Melbourne, which I'll talk to a little bit more throughout the presentation. Currently, 950-odd staff throughout the country, market capitalization just over $300 million, and we are talking about an FY26 revenue guidance of approximately $300 million. We begin the year with a strong order book in excess of $200 million. We continue to service the broad spectrum of industry sectors, which you can see on the screen there.
We've often spoken about over the last three or four years the continuation to attract blue-chip clients across all of those industry sectors, and we believe that we are making and continue momentum in all of those areas. Moving straight into the FY25 performance summary, we're very pleased to report a quantum growth across all of the financial metrics, a significant increase if you look at all of the bar charts across revenue and profitability. I think the really interesting point to note here is that whilst revenue has increased by 92%, all of the profit metrics have increased by significantly more than that, EBITDA 161%, and profit before tax of 220%. Net profit after tax is a little lower at 112%, and that's because the company is now in a normalized tax-paying position.
For those that are new to the story, the company did pay an inaugural interim dividend at the half of $0.01, and we're also pleased to report the board has approved a $0.05 dividend for the full year, taking the full-year dividend to $0.06 cents. Our continuing safety record off the back of a significant increase in productive working hours is trending well. I'll just hand it over to Gary to talk about the profitable P&L.
Okay, thanks Matthew. On the right, there is the table from the profit and loss statement. Obviously, just repeating, the sales are up 92%. What Matthew said, the key takeaways from this slide with regard to expenses is all expenses have increased at a lower percentage than the sales percentage increase. The exception of employee expenses, which are up, the reason why employee expenses are up and raw material down in terms of those percentages is because of the sales mix, and that is we are doing more electrical work and data center work. The other takeaways from this particular chart are the profit before tax margin of 7.9% versus 4.8% for last year, and the other comment is that we've obviously got the advantage of scale, which you can see with that increased profitability.
We're still able to control our overheads even though we've had significant growth, and we think we've got an overhead base that can manage a revenue of $350 million.
One of the key elements that we talk about over the last couple of years, obviously we're seeing significant growth in the data center sector, but it really is important for us to maintain an eye on our traditional business, and we're also pleased to report a 15.2% growth in our traditional markets despite obviously a handful of that spew from a handful of large data center contracts where you can see close to $141 million of data center revenue in FY2025.
Okay, so the business is continuing to generate strong cash. You can see cash from operations there at $35 million, up from $8 million, and net cash flows $29 million, up from $3 million. Cash in hand $32 million, up from $3 million. Working capital $16 million, up from $5 million. We can see the breakup there of trade payables, which we like to draw people's attention to. We have been able to reduce our trade payables, but we can see the contract liabilities have continued to grow with our order book and our revenue, which is a key driver of cash flow. We are also pleased to report to the market this morning that we have, as part of our announcements, just been able to increase our Commonwealth Bank of Australia facilities.
We have been with Commonwealth Bank of Australia since 2022, and we have obviously increased them a number of times now. The main one is we have been able to increase our bank guarantee facility from $17 million to $28 million, which enables us to continue to take on large projects and provide the necessary bank guarantees as required. NTR has continued to grow with profitability or as return on capital employed.
In terms of the strategic focus of the business, over the last couple of years, we've had a dual strategic focus, which we believe has obviously been working and will continue to pursue this strategic focus, which is really in two parts. Obviously, the consolidation of the business and building on the strong foundation that we've built over a number of years will continue to recruit the right people. We're developing training programs in order to enhance their capabilities, obviously maintaining a key eye on ensuring our margins are maintained as the business continues to grow, and we'll continue to invest in our systems and our safety culture in order to deliver for our customers. In terms of growth, we do feel that we have got a little bit more to get out of our organic growth strategy, which we've been talking about for a number of years now.
We will remain opportunistic to acquisitions. We aren't working on anything at the moment, but certainly as things come across our desk, which do happen, we'll continue to look at those and see whether there is a strategic fit for the business. We'll continue to build across our national customer account base and focus on all market sectors. Obviously, data centers get a lot of airtime due to the scale of it, but we do want to continue to focus on all market sectors. In terms of the FY2025 achievements across those strategic initiatives, we've implemented some more robust employee induction processes. We continue to increase our specialized data center teams, and we've recently developed a new office out in Western Melbourne to cater for the growing market sector of our customer base in relation to data centers in that area.
We now house all of our project delivery teams, electrical engineering, and modeling people all out where close to those customers and those sites. We began FY2025 with a profit before tax expectation of approximately 6%. To deliver close to 8% for FY2025 has been really pleasing, and we'll continue to contain the overheads. Whilst we feel that the overhead structure of the business can support $350 million worth of revenue, obviously that scale is our friend. If we can maintain our overheads whilst we continue to grow the top line, that ultimately will flow through to profitability. We've invested over $1 million into new hardware and different systems through the course of FY2025 in order to develop the business and keep the business growing with the top line growth.
When we think about a lot of the growth of the business, we've increased our tender activity by 46%, $354 million in August to $517 million now. We began FY2025 with $96 million of work in hand, and we begin FY2026 with $200 million. A really significant increase in starting work in hand position as we go into FY2026. We've also achieved, as Gary Beaton just touched on, a significant increase in our banking facilities from $21 million to $34 million to support the growth of the business. We've seen really great support from Commonwealth Bank of Australia, who we went with a few years ago. Increase in our traditional revenue business of over 15%, which I touched on. $105 million to $121 million in FY2025.
We're really pleased that outside of the data center sector, which does get a lot of discussion, the traditional revenue of the business is continuing to grow quite strongly. In terms of our work in hand, as at the end of July, $207 million, end of June was $200 million. You can see a strong flavor of data centers there, obviously because of the scale and the size and the pace in which that sector is moving, that does tend to get a fair chunk of that wheel. We obviously need to maintain a strong eye across all of those market sectors. In terms of the outlook for the data center sector, we are seeing some significant funding increases across a number of the main data center companies and customers that we do work for. Obviously widely publicized around the significant CapEx investment into data centers within Australia.
Certainly a number of our customers are at the forefront of that. We certainly see that that sector is going to continue certainly for the immediate future anyway. In terms of the pipeline of opportunities, the data center sector at the top there runs off the page. As I touched on, significant increase from August last year. Within a 12-month window, going from $384 million of pipeline of opportunities to $517 million. Very strong growth in the outlook of our tendered opportunities. In terms of SKS Indigenous Technologies, a business that we formed three years ago, we're very, very proud of what we're achieving within the Indigenous business. We continue, as the years have gone on, to build our working hand, which ultimately flows into revenue. FY25 revenue within the SKS Indigenous business of $27 million and a net profit after tax in excess of $500,000.
With our employment in terms of participation with Indigenous, we're now spending over $3 million, which is creating opportunities for Indigenous Australians and putting that $3 million back into their households in order to create their own economic independence over time. In terms of our safety records, quantum growth across employee numbers, which is obviously there for a significant increase in productive hours year- on- year, over $1.1 million of productive hours. A little over 69% increase on FY24 in terms of productive hours. We did have one lost time injury, which was really more to do with the reporting issue than the injury itself. Really no significant injuries over the last five years. Obviously, a safety culture is of utmost importance in terms of the industry in which we work and the environments in which we work.
The safety culture of the business is of significant importance and a significant focus for us all. Many of you may have seen this slide before. Last year, it was a pathway to $200 million. This year, it's a pathway to $300 million. You'll see that number there of 67%, so $200 million of working hand as we began FY26. We're talking about a forecast of approximately $300 million, so 67% of working hand. It is important to note that approximately $40 million of that $200 million will flow into FY27. It is really pleasing to see that we're already building our book of work beyond FY26 and into FY27. We feel we've got a really strong foundation of work that we can build on over the next 12 months to win and deliver future works in order to achieve approximately $300 million for FY26.
In summary, when you look at the outlook and the FY26 forecast, we do believe that there's very strong demand across all of the market sectors we work at. Significantly accelerating growth forecasts in the data center sector where over the last few years we've built significant capability. The project pipeline for us continues to grow, and it is really pleasing that we've got strong drivers within the traditional business as well, not just data centers. We will remain flexible in terms of our growth strategy. As I touched on organic growth, we still feel we've got more to get out of our organic growth strategy, and we will continue to remain opportunistic to acquisitions that may fill a particular region or a particular sector across the country. In terms of the balance sheet, it's continued to get stronger and stronger year- on- year.
We've seen really strong cash generation with the business, which obviously is flowing into the balance sheet and continues to strengthen that. It's really pleasing that we've got the support of a major bank in Australia who, I think, four times now have increased our operating bank facilities to support the growth of the business. That bodes well for the future, not just for FY26, but also beyond that. We will continue to invest across all of our systems and processes, and we'll make sure that we provide an optimal operating platform in order to deliver on a significantly growing business. Very pleased with our FY25 results. Take the opportunity to thank the team within the business and all of the support from our existing shareholders, and we look forward to FY26 and beyond. Thank you for everyone's time and happy to take any questions if there are any.
Thank you all for joining us today, and we look forward to reporting to the market as FY26 unfolds. Thank you.
Thank you.