LaserBond (LBL) H2 2025 earnings summary

Executive summary

• Achieved record FY25 revenue of AUD 43.5 million, up 3.6% year-over-year, with net profit after tax of AUD 3.8 million, a 10.4% increase, and EPS rising 5.7% to 3.28cps.

• Declared a final FY25 dividend of AUD 0.008 per share, restoring dividend levels after a prior interim reduction.

• Strong second-half performance with revenue up 14.2% and NPAT up 169.5% versus 1H, driven by strategic investments and record production output.

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

Financial highlights

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

• EBITDA was AUD 9.0 million, down 4.7% year-over-year; NPBT was AUD 5.0 million, down 3.4% year-over-year.

• Cash on hand at year-end was AUD 5.6 million, slightly down from AUD 5.8 million in FY24, with further growth expected from receivables recovery.

• Net assets rose 7% to AUD 41 million; working capital increased 13.5% to AUD 15.1 million.

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

Outlook and guidance

• Expectation to maintain and grow margins in FY26, with budgets reflecting continued strong performance and sustained growth from recent capital deployment.

• Products division revenue base from H2 expected to be maintained or grown in FY26, with new product launches and technology licensing to drive future revenue.

• Anticipate strong growth domestically and internationally, leveraging national footprint and new product launches, with Gateway subsidiary positioned for further growth, especially in the gold sector.

• U.S. expansion plans paused pending market stability and tariff clarity; focus remains on domestic and Indo-Pacific growth.