Addvalue Technologies (A31) H1 2026 earnings summary

Executive summary

• 1H2026 revenue rose 54% YoY to US$8.753m; net profit reached US$1.977m versus US$52,000.

• Order book exceeded US$18m at 30 Sep 2025, comprising US$8m ADR and US$10m SPC; management expects FY2026 performance to exceed FY2025.

Financial highlights

• Gross profit increased 64% to US$4.520m; gross margin improved to 52% from 48%, mainly on sales mix.

• Other operating income was US$825,000, mainly from reversal of project material and setup-cost provisions and a gain on subsidiary liquidation.

• Finance expenses declined 39% to US$190,000, primarily due to lower borrowing costs and reversal of late-penalty interest provision.

• EBITDA was US$2.851m versus US$841,000 in 1H2025; net cash generated from operations rose to US$3.606m from US$1.141m.

Outlook and guidance

• Management expects revenue momentum to continue over the next 12 months, with significantly more IDRS terminal deliveries in 2H2026 than 1H2026.

• Confirmed orders are expected to be substantially fulfilled within 12 months; additional orders are expected into the next financial year.

• Management expects recurring airtime revenue to rise as customers launch more satellites into orbit over the next 12 months.