LaserBond (LBL) H1 2026 earnings summary

Executive summary

• Revenue for H1 FY2026 reached $23.0 million, up 13.4% year-over-year, with net profit after tax of $2.2 million, up 117.2%, reflecting strong operational execution and margin expansion.

• Products division revenue grew 34.2%, while Services revenue increased 10% to $14.3 million, with Services gross margin expanding to 58.3% from 50.8%.

• Order book as of January 1, 2026, was 70% higher than a year earlier, supporting a strong outlook for 2H FY26.

• Strategic priorities include operational excellence, workforce development, supply chain security, and international growth.

• Ongoing innovation investment and effective material management underpin a positive outlook.

Financial highlights

• Gross profit was $12.4 million, margin 53.9%, up 22% year-over-year.

• EBITDA reached $5.2 million, up 57.6% year-over-year.

• Net profit before tax was $3.3 million, up 153.8% year-over-year.

• Earnings per share rose to 1.88 cents, up 116.1%, and a fully franked dividend of 0.8 cents per share was declared.

• Cash at period end was $4.0 million, down from $5.6 million in June 2025, mainly due to strategic inventory build in tungsten carbide.

Outlook and guidance

• H2 is traditionally stronger, with a healthy pipeline and revenue visibility into 2026, supported by a 70% higher order book.

• Margin expansion and equipment upgrades are expected to drive higher productivity and profitability in H2.

• International growth opportunities, especially in the U.S. and oil & gas sectors, are being actively pursued.

• Komatsu licensing deal expected to deliver revenue in 2H FY26.

• Services expected to benefit from normalising mining cycles; Products to maintain momentum.