LaserBond (LBL) investor relations material

Executive summary

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

• Declared a final FY25 dividend of 0.8¢ per share, restoring dividend levels after a prior interim reduction; total dividend per share was 1.2¢, fully franked.

• Strategic investments in productivity, capacity, and cost optimization led to increased gross profit margins and record production output in the second half.

• New CEO, Rob Freeman, appointed effective September 1, bringing significant industry experience and growth leadership.

• Second half performance was notably stronger, with revenue up 14.2% and NPAT up 169.5% versus 1H.

Financial highlights

• Operating expenses rose to $13.8 million, up from $12.2 million in FY24, due to investments in productivity and resource utilization.

• Net assets increased by 7% to $41 million; working capital rose 13.5% to $15.1 million, reflecting benefits from strategic investments.

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

• Cash on hand at year-end was $5.6 million, slightly down from $5.8 million in FY24.

• Gateway Group contributed $0.75 million to net profit after tax and completed a major facility expansion.

Outlook and guidance

• Expectation to maintain strong margins in services and products through FY26, with no significant seasonality anticipated.

• Products division forecasted to maintain and grow based on current order rates and new product launches.

• Continued focus on domestic growth, with international expansion to be revisited as market conditions stabilize.

• Anticipated strong growth from Gateway Group and technology licensing, including a $2.3 million equipment sale to be recognized in FY26.

• New product launches and technology licensing expected to drive future revenue.