Avi-Tech Holdings (1R6) H1 2026 earnings summary

Executive summary

• 1H 2026 revenue fell 3.0% YoY to $8.726m; gross profit declined 47.2% to $746k and net loss widened to $990k.

• Weaker Engineering Services performance and customer project deferments weighed on results; operating cash flow remained positive at $233k.

Financial highlights

• Revenue was $8.726m, down $271k YoY; cost of sales rose 5.2% to $7.980m and gross profit fell to $746k from $1.414m.

• Loss before tax was $944k versus $15k; net loss was $990k versus $231k, while total comprehensive loss was $986k versus $231k.

• Other operating income declined 22.6% to $731k; net foreign exchange gain was $66k versus a $57k loss.

• Income tax expense was $46k versus $216k, including $6k current tax and $40k prior-year underprovision.

Outlook and guidance

• Near-term revenue growth is expected to remain subdued amid subdued demand, heightened competition, and macroeconomic and geopolitical uncertainty.

• Expedited shipment requests indicate inventory levels are normalising; conditions are viewed as cyclical.

• Priorities include prudent financial management, cost controls, operational stability, efficiency improvements, and measured evaluation of growth and diversification opportunities.

• Advanced Test Equipment Load Boards and IoT capabilities are strategic expansion areas intended to support resilience and long-term growth.