Addvalue Technologies (A31) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 21.6% to US$15.528m; net profit after tax reached US$1.953m, following US$277K in FY2024.

• Growth was led by Space Connectivity (SPC) and Advanced Digital Radio (ADR), which together generated over 94% of FY2025 revenue.

• FY2026 begins with a confirmed US$14.3m order book across business segments; management expects growth momentum to continue over the next 12 months.

Financial highlights

• 2H2025 turnover increased 20.5% YoY to US$9.8m; FY2025 turnover rose 21.6% to US$15.5m.

• Gross profit was US$8.096m vs US$6.709m; gross margin was 52.1% vs 52.5% in FY2024.

• Profit before tax was US$1.631m vs US$307K; net profit was US$1.953m vs US$277K, including a US$322K income-tax credit.

• Revenue included US$766K of design-service income; product and component sales were US$14.762m.

• Other operating income rose to US$970K, including US$597K grants, US$115K gain on subsidiary liquidation and US$213K payables written off; excluding these items, reported profit includes non-recurring gains.

Outlook and guidance

• Confirmed order book stood at ~US$14.3m; management anticipates continued growth over the next 12 months.

• SPC order book was ~US$5.3m with a high-confidence US$4.7m sales-lead pipeline; at least 12 IDRS terminals are estimated to launch in the next 6–12 months.

• ADR order book, including design and supply contracts, was ~US$9.0m, with a high-confidence sales-lead pipeline of ~US$2.2m.

• Further growth in IDRS terminals and recurring airtime revenue is expected as additional equipped satellites launch; recurring airtime revenue reached US$924K in FY2025, up 50% YoY.