Global Invacom Group (QS9) investor relations material

Executive summary

• 1H FY2026 revenue rose 40.2% YoY to US$15.9m, while the net loss narrowed to US$1.8m from US$4.5m, reflecting stronger demand for direct-to-home products.

• Gross margin declined 2.3 percentage points to 39.2% due to product mix; operating conditions remain challenging across commercial satellite markets.

Financial highlights

• Revenue increased 40.2% to US$15.889m; gross profit rose 32.5% to US$6.232m, while gross margin fell to 39.2% from 41.5%.

• Loss before tax narrowed to US$1.752m from US$4.135m; continuing-operations net loss was US$1.766m versus US$4.502m.

• Other income of US$308k included a US$165k bad-debt reversal, US$70k net FX gain and US$62k property-disposal gain.

• Adjusted for working-capital movements, operating cash flow turned to a US$1.134m inflow from a US$1.255m outflow; net cash increased US$1.068m.

Outlook and guidance

• Strategic investment priorities include EO and ground-station solutions, multi-band transceivers, flat-panel antennas, multi-orbit terminals and commercial go-to-market capability.

• Government & Defence is viewed as a growth opportunity; the business is positioned to respond to medium- and long-term market needs, barring unforeseen circumstances.

• No dividend was declared or recommended for 1H FY2026 due to current operating conditions.