LaserBond (LBL) H2 2024 earnings summary

Executive summary

• Achieved 8.7% revenue growth year-over-year to $41.98M, driven by strong Services Division performance and strategic expansion, including a 40% acquisition of Gateway Equipment Parts & Services in WA.

• Net profit after tax declined 25.9% year-over-year to $3.52M, impacted by higher tax rate, increased employment expenses, and planned investments in plant and equipment.

• Maintained a strong balance sheet with net assets up 23.7% to $44M and net tangible assets up 30.1% to $30.93M.

• Final dividend of 0.8 cents per share, total 1.6 cents for FY24, in line with prior year.

Financial highlights

• Revenue: $41.98M, up 8.7% year-over-year.

• EBITDA: $9.45M, down 7.3% year-over-year due to increased costs.

• Net profit after tax: $3.52M, down 25.9% year-over-year.

• Gross margin remained above 50%.

• Cash from operations: $6.71M, down 13% year-over-year, reflecting higher investment and acquisition outflows.

Outlook and guidance

• Plans to acquire a North American facility in early 2025 to support global expansion.

• Continued investment in R&D, people, and equipment to drive innovation and capacity.

• Focus on diversifying customer base and expanding into new industry sectors and geographies.