CAP-XX (CPX) H1 2026 earnings summary

Executive summary

• Revenue grew 9% year-over-year to A$2.63m–A$2.6m in H1 FY26, with bookings up 31% and backlog up 132%, indicating strong future revenue potential.

• Loss after tax improved by 9% to A$1.5m, and EBITDA loss improved by 7% to A$1.1m compared to H1 FY25, reflecting successful cost control.

• Cash on hand at the end of December 2025 was A$2.9m, with no debt and all legal cases closed in fiscal year 2024.

• Company transformation initiatives included improved warehouse management, full integration of CRM and accounting systems, and new partnerships, supporting growth despite market challenges.

• The company has diversified its revenue base, reducing reliance on Europe and increasing contributions from APAC and the Americas.

Financial highlights

• Revenue for the period was A$2.6m, up 9% year-over-year; billings rose 14% YoY to A$2.6m.

• Bookings reached A$3.4m, up 31% year-over-year; backlog at A$2.8m, up 132% YoY.

• Net loss after tax improved 9% to A$1.5m; EBITDA loss improved 7% to A$1.1m.

• Cash at bank at period end was A$2.9m, with trade debtors exceeding trade creditors by A$0.3m.

• Received A$1.7m R&D incentive in Dec 2025; net operating outflows reduced.

Outlook and guidance

• Management expects continued revenue growth, supported by a strong backlog and increased bookings.

• Ongoing operational improvements and new partnerships are expected to support continued growth and positive cash flow.

• Expansion into new markets such as aerospace, defense, energy supply, and data centers is expected to further diversify revenue streams.

• Board aims to drive further efficiency, improve margins, and convert pipeline into sustainable revenue growth.