Infotrust Lands Growth-Phase CEO and Lifts H2 Earnings Guidance to $2.3M
Infotrust appoints Paul Timmins as CEO with upgraded earnings guidance
Infotrust Ltd (ASX: ITS) has appointed Paul Timmins as Chief Executive Officer effective immediately, alongside upgraded guidance for H2 FY26 underlying EBITDA of approximately $2.3 million. The dual announcement signals a deliberate step-change from turnaround to growth-phase execution for the leading Australian sovereign cyber security and managed technology provider.
The updated earnings guidance supersedes the figure communicated in the company’s ASX announcement on 26 February 2026.
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A CEO built for scale
Paul Timmins’ track record
Timmins brings a career defined by building and scaling complex technology services organisations across Australia and internationally. His executive history includes:
- Chief Executive Officer of Protegic Pty Ltd, an Australian technology consulting and transformation business
- Chief Executive Officer of Davidson Technology, where he led a significant growth programme that materially increased revenue and profitability
- Global leadership roles at DXC Technology (NYSE: DXC), including responsibility for the Microsoft Dynamics practice, delivering substantial international expansion
The board’s rationale is grounded in the specific competencies Timmins carries into the role: transformation, operational execution, customer-centric growth, and acquisition integration. His track record of scaling technology-enabled services businesses aligns directly with the company’s stated FY27 ambitions, which include acquisitive growth.
Paul Timmins, Chief Executive Officer
“It is an exciting time to be joining Infotrust as Australia’s leading ASX listed cyber first technology provider. With an increasingly complex and rapidly evolving threat landscape, and our growing footprint, we have a strong platform to expand the deployment of both offensive and defensive cyber security capabilities, alongside broader information governance and GRC services. We will continue to build a disciplined and scalable model, including the development of an AI-enabled capability, to deliver integrated, outcome-driven solutions for our clients as we move into the next phase of growth.”
Recognising the outgoing CEO
Julian Challingsworth departs as Managing Director and Chief Executive Officer as part of an agreed leadership transition, with the company noting he will support an orderly handover. His tenure delivered a meaningful repositioning of the business:
- Joined July 2022
- Returned the managed technology segment to consistent profitability
- Repositioned the company to a cyber-first strategy
- Reset the balance sheet through divestment of non-core assets
Shan Kanji, Chair
“The quality of Infotrust’s leadership team is market leading and in combination with the strategic initiatives being undertaken by Infotrust is cementing Infotrust’s position as one of the most respected and capable cyber security companies in Australia. We are pleased to welcome Mr Paul Timmins as Chief Executive Officer. Paul is a disciplined execution driven executive with a very strong track record. He brings deep and diverse technology leadership experience to the Company. The Board and I are confident that Mr Timmins is well placed to accelerate Infotrust’s strategic vision. On behalf of the Board, I thank Julian for his leadership over the past several years. We wish him the best in his future endeavours.”
Strategic initiatives driving the FY27 growth platform
What’s being built right now
The CEO appointment sits within a broader set of concurrent strategic initiatives the company is executing as it repositions for growth. These include:
- Appointment of Paul Timmins as CEO
- Appointment of David Clanchy as CFO, a senior M&A practitioner and former Ernst & Young Partner
- Consistent monthly profitability in the managed technology segment since November 2025
- Substantial investment in cyber security services and consulting, including an organisational restructure oriented around a customer-first growth mindset
- Ongoing focus on reducing operating costs and organisational efficiency
- Continued evaluation of earnings-accretive acquisition opportunities aligned to the company’s strategic objectives
What the $2.3 million EBITDA guidance means
Underlying EBITDA refers to earnings before interest, tax, depreciation, and amortisation, with one-off or non-recurring items stripped out. For a company in transformation mode, it is a useful measure of core operational earnings power because it removes the distorting effects of capital structure, tax positions, and asset-specific accounting charges.
The $2.3 million underlying EBITDA guidance covers the H2 FY26 period (January to June 2026) and supersedes guidance issued on 26 February 2026. The upward revision, in conjunction with the six strategic initiatives above, points to an operation that is gaining financial traction ahead of FY27.
The material terms of Timmins’ remuneration package are summarised below:
| Component | Detail |
|---|---|
| Base salary | $420,000 (excl. superannuation) |
| STI | Up to 50% of base salary (no STI payable FY26) |
| LTI | Up to 100% of base salary (no LTI grant FY26) |
| Equity grant | 1,000,000 performance rights |
| Performance condition | VWAP of $0.75 over 30 consecutive trading days |
On the performance rights vesting schedule:
- 50% vest upon satisfaction of the share price performance condition
- The remaining 50% vest six months thereafter, subject to continued employment (unless otherwise determined by the board)
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Investment thesis — why FY27 matters
The announcement presents a coherent case that Infotrust’s turnaround phase is closing and a growth phase is taking shape. Three factors are worth noting for investors assessing the thesis:
- Timmins arrives with demonstrated M&A integration experience at the precise moment the company has flagged continued evaluation of earnings-accretive acquisition opportunities
- The upgraded H2 FY26 underlying EBITDA guidance of approximately $2.3 million signals that operational momentum is building, not just anticipated
- Management has stated the company enters FY27 with confidence of “pleasing growth combined with improving margins and profitability”
The broader cyber security environment provides a supporting tailwind. As Timmins noted at appointment, the threat landscape is increasingly complex and evolving, which underpins demand for the offensive and defensive capabilities Infotrust is actively expanding. Whether that demand translates into the forecast margin improvement will be the key metric to track as FY27 progresses.
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