Addvalue Technologies (A31) H2 2026 earnings summary

Executive summary

• FY2026 revenue rose 59.9% to US$24.833m and net profit increased to US$4.833m from US$1.953m, extending consecutive profitable years since FY2024.

• Growth came primarily from Space Connectivity (SPC) and Advanced Digital Radio (ADR); confirmed order book was US$23.1m at FY2027’s start.

• The year marked a shift to an interest-bearing-loan-free position, stronger operating cash generation and plans to pursue a proposed Nasdaq spin-off listing of a wholly owned subsidiary.

Financial highlights

• Revenue was US$24.833m, up 59.9% YoY from US$15.528m; gross profit reached US$12.950m versus US$8.096m, with gross margin steady at 52.1%.

• Profit before tax was US$4.092m versus US$1.631m; net profit was US$4.833m versus US$1.953m, including a US$0.741m income tax credit.

• Basic and diluted EPS was 0.14 US cents, up from 0.06 US cents; weighted average shares increased to 3.393bn from 3.242bn.

• Net cash generated from operations was US$8.494m versus US$3.561m; cash and bank balances closed at US$7.260m versus US$1.506m.

• Other operating expenses included US$0.805m of inventory write-offs, US$0.388m stock-obsolescence allowance and US$0.435m loss on extinguishment of financial liabilities.

Outlook and guidance

• Management expected the growth trend to continue in FY2027, supported by a confirmed US$23.1m order book across segments at 1 April 2026.

• SPC order book was approximately US$15.5m and ADR order book approximately US$1.8m, including new design and supply contracts.

• At least 12 IDRS flight terminals were estimated to launch over the next 6–12 months, adding to recurring airtime revenue; 32 IDRS-equipped satellites were already in orbit.

• No FY2026 dividend was declared; available funds and future earnings are intended to support business development and expansion.