Powermatic Data Systems (BCY) H2 2026 earnings summary

Executive summary

• FY2026 revenue rose 98% YoY to $28.467m; profit before tax reached $13.251m and net profit $12.322m, with property development contributing most of gross profit.

• Wireless connectivity remained the core business, while tariffs, regional conflicts, memory shortages and slower Wi-Fi 7 adoption weighed on customer orders.

Financial highlights

• Revenue was $28.467m vs $14.356m in FY2025; gross profit was $16.781m vs $6.813m.

• Profit before tax was $13.251m vs $3.794m; net profit was $12.322m vs $3.247m.

• Diluted EPS was 35.16 cents vs 9.29 cents; total comprehensive income was $12.446m vs $3.321m.

• Operating cash flow declined to $1.923m from $7.100m as development property, receivables and contract-liability movements absorbed cash.

Outlook and guidance

• A 36-month plan targets validated Wi-Fi 7 modules for access points, SD-WAN and industrial gateways, plus Wi-Fi 8 sampling to select customers in the next quarter.

• Strategy prioritizes early enterprise, AI-edge and industrial design wins, alongside high-performance modules for mission-critical transportation, mining and aerospace applications.

• Property construction is expected to finish and receive its Temporary Occupation Licence in FY2027; $31.4m of remaining value on 16 sold units is expected to be recognised as revenue in FY2027.