Infotrust updates FY26 EBITDA guidance to $2.3 million with new CEO

Leadership Shift Marks Infotrust’s Next Growth Chapter

Infotrust Ltd (ASX:ITS) has appointed Paul Timmins as its new Chief Executive Officer, effective immediately, ushering in a leadership change designed to accelerate the company’s cyber security ambitions. Timmins succeeds Julian Challingsworth, who leaves after steering the company through a significant transformation that repositioned Infotrust as a focused cyber-first and managed technology business.

Timmins arrives with a strong pedigree in scaling technology services, having led Protegic and Davidson Technology through growth and profitability improvements, and held global roles at DXC Technology. His expertise in operational execution, customer-centric growth, and acquisition integration aligns with Infotrust’s strategic priorities as it eyes expansion in cyber security services and consulting.

Meanwhile, the company has also appointed David Clanchy as Chief Financial Officer. Clanchy brings senior M&A experience from his tenure as an Ernst & Young Partner, signaling Infotrust’s intent to pursue earnings accretive acquisitions that complement its cyber security focus.

Updated Guidance Reflects Steady Profitability Gains

Infotrust updated its underlying EBITDA guidance for the second half of FY26 to approximately $2.3 million, superseding the prior forecast issued in February. This revised outlook reflects the company’s delivery of consistent monthly profitability in its managed technology segment since November 2025, alongside ongoing cost reduction and organisational efficiency initiatives.

The updated guidance comes after a turbulent first half of FY26, which included a $16.5 million loss driven by a major impairment and the divestment of the Cloud and Communications segment Nexgen for up to $50 million, a move that sharpened Infotrust’s cyber security focus. The company’s recent $16.5M loss and $50M divestment reshaped its earnings profile and set the stage for the current turnaround.

Strategic Initiatives Target Cyber Security Leadership

Infotrust is investing heavily in cyber security capabilities, including both offensive and defensive services, information governance, and governance risk and compliance (GRC). The company is also developing AI-enabled solutions to deliver integrated, outcome-driven services to clients.

Alongside leadership changes, the company continues to evaluate strategic acquisition opportunities that could bolster its market position. This follows the recent completion of the Catalyst Cyber acquisition, which enhanced Infotrust’s footprint in federal government cyber security markets. The deal was structured with performance-linked payments to align with future earnings contributions, reflecting Infotrust’s disciplined approach to growth. The acquisition’s federal cyber security expansion is a key pillar in the company’s strategy to deepen its presence in regulated government environments.

Chair Shan Kanji expressed confidence in the strengthened leadership team and the company’s strategic direction, highlighting Timmins’ execution-driven style and diverse technology experience as critical to accelerating Infotrust’s vision.

CEO Appointment Terms Signal Long-Term Commitment

Timmins’ employment package includes a $420,000 base salary, with potential short-term and long-term incentives tied to performance and board discretion. Notably, he received 1 million performance rights contingent on share price targets and continued service, underscoring the board’s commitment to aligning leadership incentives with shareholder value creation.

As Infotrust enters FY27, the company is positioned to leverage its cyber-first strategy with a disciplined, scalable model aimed at delivering pleasing growth and improving margins. The leadership transition and strategic investments set a clear course, but the market will be watching how effectively Timmins and his team translate these initiatives into sustained financial performance and market share gains.