A$6.20 ($4.31)

+0.06 (+0.98%)

Weekly Expected Move ±5.4%

A$5 A$6 A$6 A$6 A$7

ASX · Industrials · Industrial - Machinery · Tech Score Strong Buy · Power 65 · A$638.4M mcap · 62M float · 0.510% daily turnover

Revenue

$414M +16.7% ▲

5Y CAGR: +28.5%

Gross Profit

$67M -45.0% ▼

5Y CAGR: +30.9%

Operating Income

$47M -4.2% ▼

5Y CAGR: +36.9%

Net Income

$30M +16.3% ▲

5Y CAGR: +36.2%

EPS (Diluted)

$0.29 +16.0% ▲

5Y CAGR: +31.0%

EBITDA

$55M +24.4% ▲

5Y CAGR: +32.2%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$177M	$227M	$290M	$355M	$414M
YoY Growth	+49.8%	+28.4%	+27.9%	+22.2%	+16.7%
Cost of Revenue	$109M	$140M	$183M	$233M	$348M
Gross Profit	$68M	$87M	$108M	$121M	$67M
Gross Margin	38.2%	38.3%	37.1%	34.2%	16.1%
R&D Expenses	$0	$0	$164K	$0	$0
SG&A Expenses	$39M	$51M	$58M	$65M	$19M
Operating Expenses	$43M	$56M	$58M	$72M	$19M
Operating Income	$16M	$23M	$44M	$49M	$47M
Operating Margin	9.2%	10.3%	15.1%	13.9%	11.4%
Interest Expense	$632K	$678K	$2M	$3M	$3M
Income Before Tax	$16M	$23M	$32M	$37M	$44M
Tax Expense	$5M	$7M	$10M	$11M	$14M
Net Income	$11M	$16M	$22M	$26M	$30M
Net Margin	6.3%	7.1%	7.7%	7.4%	7.4%
EPS (Diluted)	$0.14	$0.18	$0.23	$0.25	$0.29
EBITDA	$20M	$28M	$38M	$45M	$55M
Shares Outstanding	78M	87M	97M	104M	104M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$111M	$116M	$121M	$170M	$177M	$178M	$193M	$222M
Cost of Revenue	$92M	$97M	$99M	$139M	$115M	$150M	$162M	$185M
Gross Profit	$19M	$19M	$21M	$31M	$62M	$27M	$30M	$36M
Gross Margin	16.7%	16.4%	17.6%	18.1%	35.2%	15.5%	15.8%	16.4%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$7M	$7M	$7M	$10M	$33M	$32M	$9M	$11M
Operating Expenses	$7M	$7M	$7M	$10M	$33M	$8M	$9M	$11M
Operating Income	$12M	$12M	$14M	$21M	$29M	$19M	$22M	$25M
Operating Margin	10.5%	10.5%	12.0%	12.2%	16.4%	11.0%	11.4%	11.5%
Interest Expense	$197K	$481K	$291K	$1M	$1M	$1M	$884K	$2M
Income Before Tax	$11M	$12M	$14M	$19M	$19M	$18M	$21M	$24M
Tax Expense	$3M	$4M	$4M	$6M	$6M	$5M	$7M	$7M
Net Income	$8M	$8M	$10M	$13M	$13M	$13M	$14M	$16M
Net Margin	7.2%	6.9%	7.9%	7.6%	7.5%	7.2%	7.3%	7.4%
EPS (Diluted)	$0.09	$0.09	$0.11	$0.12	$0.13	$0.12	$0.14	$0.16
EBITDA	$13M	$15M	$17M	$23M	$21M	$23M	$26M	$30M
Shares Outstanding	87M	87M	89M	104M	104M	104M	104M	104M

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