PNE Industries (BDA) H1 2025 earnings summary

Executive summary

• FY25H1 revenue rose 20.6% YoY to $34.944m, led by stronger contract manufacturing sales; profit after tax increased to $461k from $192k.

• Higher sales did not lift gross profit: unfavorable product mix reduced gross margin to 14.9% from 18.1%.

Financial highlights

• Revenue $34.944m, up 20.6% YoY; gross profit $5.205m, down 0.8%; profit before tax $680k, up 101.2%.

• Profit after tax $461k, up 140.1% YoY; basic and diluted EPS 0.5 cents vs 0.2 cents.

• Other operating income increased 22.2% to $1.052m; other operating expenses fell to $26k from $380k, mainly reflecting a $392k net FX gain vs a $289k loss.

• Income tax expense rose to $219k from $146k, alongside higher profit before tax.

Outlook and guidance

• No quantitative outlook was stated; flexible manufacturing solutions, cost controls, operational efficiencies and customer diversification remain priorities.

• Global uncertainty, geopolitical tensions, inflation and supply-chain disruptions are expected to continue affecting the economy and relevant industries.