CAP-XX (CPX) H2 2025 earnings summary

Executive summary

• Revenue for FY2025 reached AUD 4.94 million, a 7.6% increase year-over-year, with strong growth in APAC and North America offsetting a decline in Europe.

• Gross margin held steady at 29.7%, and the company remains debt free.

• EBITDA loss improved by 40.5% to AUD 3.04 million, and net loss after tax improved by 36% to AUD 3.93 million.

• Operational improvements included new warehouse, CRM, and manufacturing systems, a new operations manager, and reduced lead times at the Seven Hills facility.

• Strengthened distributor relationships and a diversified sales pipeline contributed to resilience.

Financial highlights

• Bookings for the four months post-year-end rose 25.4%, and billings increased 12.1%, with a backlog of AUD 2.7 million.

• Cash at June 30 was AUD 3.96 million, with AUD 1.5 million held at October 31, 2025.

• R&D tax credit of AUD 1.8 million received, with another AUD 1.8 million applied for.

• Finished goods, raw materials, and WIP totaled AUD 0.99 million.

• Non-recurring costs and large creditor payments amounted to AUD 0.85 million.

Outlook and guidance

• Positive start to FY2026 with continued growth in bookings and billings, and a strong sales pipeline.

• Backlog at October 31, 2025 stood at AUD 2.7 million, indicating strong demand.

• Ongoing investment in inventory and automation to support scalable growth.

• Positive trends in revenue and loss reduction are expected to continue, moving towards profitability.