Global Invacom Group (QS9) AGM 2025 presentation summary

Financial performance

• Continuing-operations revenue fell to $30.4m in FY2025 from $34.6m; gross profit rose to $14.1m from $13.7m, and gross margin increased to 46.2% from 39.6%.

• Continuing-operations loss after tax narrowed to $1.8m from $4.7m; 2H FY2025 recorded a $2.7m net profit versus a $0.7m loss in 2H FY2024.

• Net cash was $2.9m at FY2025 year-end versus $4.9m a year earlier; borrowings increased by $0.7m.

• 2H FY2025 trading profit of $1.5m was the first positive half-year result since FY2020; costs fell 32% over six years.

• Over six years, revenue declined 64% and gross profit 24%, while gross margin rose from 23% to 49%.

Revenue mix

• America represented 19% of FY2025 revenue, down from 28% in FY2024; the Middle East rose to 19% from 2%, with delivery of a major new contract cited as a driver.

• Europe and ROW together accounted for 60% of FY2025 revenue, versus 58% in FY2024.

Product and strategic developments

• XRJ Ka-band transceiver offers full-band coverage and configurable polarity for GEO, LEO, MEO and HEO networks; approved for SES O3b mPOWER and O3b Classic.

• Defence-focused XRJ combines transmit and receive functions in one multi-orbit unit, meets government and defence standards, and has won two industry awards.

• XY rapid-deploy antenna supports multiband and multi-orbit connectivity, with modular design for quick frequency-band configuration.

• e-Nexus joint venture provides ground-station-as-a-service for Earth Observation satellite data; its S- and X-band system can also serve other EO and specialist operations.

• Satwave MoU covers flat-panel Ku- and Ka-band terminals integrating converters with AESA technology, plus a gimbal for multi-orbit communications on the move.