LaserBond (LBL) H1 2026 earnings summary

Executive summary

• Revenue for H1 FY2026 rose 13.4% year-over-year to AUD 23 million, with NPAT up 117% to AUD 2.2 million, reflecting strong operational execution, margin expansion, and strategic investments.

• Products division revenue grew 34%, while Services gross margin expanded to 58.3% from 50.8% due to operational efficiencies.

• Strategic investment in Gateway Group (40% stake) contributed AUD 373,000 in equity profit, with Gateway revenue up 24% year-over-year and expanded facilities.

• Order book as of January 1, 2026, was up nearly 70% year-over-year, providing strong momentum into H2.

Financial highlights

• Revenue: AUD 23 million, up 13.4% year-over-year; Gross profit: AUD 12.4 million, margin 53.9%; EBITDA: AUD 5.2 million, up 57.6%.

• NPAT: AUD 2.2 million, up 117%; EPS: AUD 0.0188, up 116%; fully franked dividend of AUD 0.008 per share declared.

• Cash at period end: AUD 4 million, down from AUD 5.6 million in June 2025, due to strategic inventory investment.

• Working capital: AUD 16.2 million, up 7.3% year-over-year; net assets: AUD 42.6 million, up 3.7%.

• Total liabilities down 16% to AUD 20.3 million; operational cash flow: AUD 1.5 million.

Outlook and guidance

• Strong order book and historical second-half trends indicate expectations for a stronger H2 FY2026.

• Pipeline extends into 2026, with continued margin expansion and international growth, especially in products and technology licensing.

• Machinery upgrades and productivity initiatives to reduce downtime and boost H2 performance.

• Komatsu licensing deal expected to deliver revenue in H2 FY26; additional OEM deals in negotiation.