LaserBond (LBL) H2 2025 earnings summary

Executive summary

• Achieved record FY25 revenue of $43.5 million, up 3.6% year-over-year, with net profit after tax of $3.8 million, a 10.4% increase, and strong second-half performance driven by strategic investments and margin improvements.

• Declared a final FY25 dividend of 0.8 cents per share, restoring dividend levels after a prior interim reduction.

• Announced succession plan with Rob Freeman appointed as new CEO, effective September 1, 2025.

• Strategic investments in productivity, capacity, and technology drove record production output and a robust sales pipeline in 2H.

Financial highlights

• Operating expenses increased to $13.8 million, up 13% year-over-year, due to productivity and capacity investments.

• EBITDA was $9.0 million, down 4.7% year-over-year due to reinvestment; NPBT was $5.0 million, down 3.4%.

• Net assets rose to $41.1 million; working capital increased 13.5% to $15.1 million.

• Cash on hand at year-end was $5.6 million, with further growth expected from receivables recovery.

• Total assets grew 3.5% to $62.9 million, while total liabilities decreased by 3.5%.

Outlook and guidance

• Entering FY26 with strong operational momentum and a platform for sustained growth, with budgets reflecting continued strong performance.

• Key growth drivers include Services division expansion, steady OEM order volumes, new product launches, and further deployment of modular laser cladding technology.

• Domestic and Indo-Pacific growth prioritized, with U.S. expansion paused pending market stability and tariff clarity.

• Gateway subsidiary positioned for further growth, especially in the gold sector.