A$6.50 ($4.51)

+0.00 (+0.00%)

Weekly Expected Move ±2.7%

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

ASX · Industrials · Industrial - Pollution & Treatment Controls · Tech Score Buy · Power 70 · A$227.7M mcap · 6M float · 0.026% daily turnover

Analysis Technicals Weather Peers

Revenue

$259M +1.7% ▲

5Y CAGR: +18.1%

Gross Profit

$63M -49.7% ▼

5Y CAGR: +21.3%

Operating Income

$25M -47.5% ▼

5Y CAGR: +34.0%

Net Income

$15M +61.6% ▲

5Y CAGR: +3.9%

EPS (Diluted)

$0.44 +63.0% ▲

5Y CAGR: +4.1%

EBITDA

$37M +16.0% ▲

5Y CAGR: +18.3%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$123M	$128M	$245M	$255M	$259M
YoY Growth	+8.8%	+4.3%	+91.1%	+4.1%	+1.7%
Cost of Revenue	$94M	$98M	$125M	$129M	$196M
Gross Profit	$29M	$30M	$120M	$126M	$63M
Gross Margin	23.6%	23.3%	49.1%	49.2%	24.3%
R&D Expenses	$2M	$2M	$2M	$3M	$2M
SG&A Expenses	$33M	$36M	$64M	$75M	$36M
Operating Expenses	$17M	$19M	$98M	$78M	$38M
Operating Income	$12M	$11M	$22M	$47M	$25M
Operating Margin	9.7%	8.3%	9.1%	18.6%	9.6%
Interest Expense	$328K	$707K	$4M	$5M	$4M
Income Before Tax	$15M	$14M	$18M	$12M	$19M
Tax Expense	$3M	$3M	$4M	$3M	$4M
Net Income	$12M	$11M	$14M	$10M	$15M
Net Margin	9.5%	8.5%	5.7%	3.8%	6.0%
EPS (Diluted)	$0.33	$0.31	$0.40	$0.27	$0.44
EBITDA	$22M	$22M	$33M	$32M	$37M
Shares Outstanding	36M	35M	35M	35M	35M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$68M	$60M	$116M	$126M	$135M	$60M	$130M	$129M
Cost of Revenue	$52M	$46M	$90M	$64M	$69M	$30M	$101M	$96M
Gross Profit	$16M	$14M	$27M	$62M	$66M	$30M	$30M	$33M
Gross Margin	23.0%	23.6%	23.0%	48.9%	48.7%	49.9%	22.8%	25.9%
R&D Expenses	$1M	$900K	$1M	$1M	$2M	$637K	$1M	$1M
SG&A Expenses	$10M	$8M	$16M	$48M	$18M	$18M	$19M	$17M
Operating Expenses	$11M	$9M	$17M	$36M	$41M	$19M	$20M	$18M
Operating Income	$5M	$5M	-$3M	$26M	$25M	$11M	$9M	$16M
Operating Margin	6.7%	8.5%	-2.9%	20.4%	18.3%	18.9%	7.1%	12.1%
Interest Expense	$208K	$499K	$2M	$2M	$2M	$3M	$2M	$2M
Income Before Tax	$6M	$8M	$10M	$8M	$8M	$2M	$9M	$10M
Tax Expense	$1M	$2M	$3M	$1M	$2M	$378K	$2M	$2M
Net Income	$5M	$6M	$7M	$7M	$6M	$2M	$7M	$9M
Net Margin	7.3%	9.7%	6.0%	5.4%	4.4%	3.1%	5.2%	6.8%
EPS (Diluted)	$0.14	$0.17	$0.20	$0.20	$0.17	$0.05	$0.19	$0.25
EBITDA	$10M	$12M	$17M	$9M	$17M	$8M	$15M	$22M
Shares Outstanding	35M	35M	35M	35M	35M	35M	35M	35M

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