LaserBond (LBL) H1 2026 earnings summary

Executive summary

• Revenue for H1 FY2026 reached $23.0 million, up 13.4% year-over-year, with NPAT of $2.2 million, up 117% year-over-year, reflecting strong operational execution and margin expansion.

• Products division revenue grew 34%, maintaining momentum from 2H FY25, while Services gross margin improved to 58.3% from 50.8% due to operational efficiencies.

• Order book as of January 1, 2026, was up nearly 70% from a year earlier, providing a strong start to H2.

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

Financial highlights

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

• EBITDA reached $5.2 million, up 58% year-over-year.

• Net profit before tax was $3.3 million, up 154% year-over-year.

• Earnings per share rose to 1.88 cents, up 116%, 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 a stronger period, with a healthy pipeline and revenue visibility extending into 2026.

• Margin expansion initiatives 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.