Unaudited Financial Statements And Dividend Announcement For The Second Half And Financial Year Ended 30 June 2025
Financials Archive
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Consolidated income statement (Unaudited)
|
Group 6-Month Ended 30 Jun |
Group Financial year Ended 30 Jun |
|||||
|---|---|---|---|---|---|---|
|
2025 $'000 |
2024 $'000 |
Change % |
2025 $'000 |
2024 $'000 |
Change % |
|
| Revenue | 95,116 | 68,646 | 38.6 | 162,316 | 133,653 | 21.4 |
| Cost of sales | (68,392) | (41,546) | 64.6 | (113,849) | (82,928) | 37.3 |
| Gross Profit | 26,724 | 27,100 | (1.4) | 48,467 | 50,725 | (4.5) |
| Other income | 829 | 895 | (7.4) | 1,548 | 452 | 242.5 |
| Selling and marketing expenses | (7,069) | (3,141) | 125.1 | (12,486) | (11,506) | 8.5 |
| Administrative expenses | (5,213) | (4,321) | 20.6 | (9,869) | (8,058) | 22.5 |
| Other operating expenses | (882) | (1,465) | (39.8) | (1,570) | (2,018) | (22.2) |
| Total operating expenses | (13,164) | (8,927) | 47.5 | (23,925) | (21,582) | 10.9 |
| Profit from operations | 14,389 | 19,068 | (24.5) | 26,090 | 29,595 | (11.8) |
| Finance costs | (337) | (337) | - | (640) | (396) | 61.6 |
| Profit before tax | 14,052 | 18,731 | (25.0) | 25,450 | 29,199 | (12.8) |
| Tax expense | (3,394) | (4,278) | (20.7) | (7,229) | (7,818) | (7.5) |
| Profit for the period attributable to owners of the Company | 10,658 | 14,453 | (26.3) | 18,221 | 21,381 | (14.8) |
Consolidated statement of comprehensive income (Unaudited)
|
Group 6-Month Ended 30 Jun |
Group Financial year Ended 30 Jun |
|||||
|---|---|---|---|---|---|---|
|
2025 $'000 |
2024 $'000 |
Change % |
2025 $'000 |
2024 $'000 |
Change % |
|
| Profit for the year | 10,658 | 14,453 | (26.3) | 18,221 | 21,381 | (14.8) |
| Other comprehensive loss | ||||||
| Items that may be reclassified subsequently to profit or loss | ||||||
| Translation differences relating to financial statements of foreign subsidiaries | (2,988) | 142 | N.m | (1,226) | (730) | 67.9 |
| Other comprehensive loss for the year, net of income tax | (2,988) | 142 | N.m | (1,226) | (730) | 67.9 |
| Total comprehensive income for the year attributable to owners of the Company | 7,670 | 14,595 | (47.4) | 16,995 | 20,651 | (17.7) |
N.m - Percentage / Computation not meaningful
Consolidated statements of financial position (Unaudited)
| Group | ||
|---|---|---|
| 30-Jun-25 $'000 |
30-Jun-24 $'000 |
|
| Non-current assets | ||
| Property, plant and equipment | 68,852 | 34,243 |
| Right-of-use assets | 5,781 | 5,839 |
| Subsidiaries | - | - |
| Intangible assets | 6,172 | 6,783 |
| Deferred tax assets | 1,019 | 2,297 |
| 81,824 | 49,162 | |
| Current assets | ||
| Inventories | 28,948 | 29,900 |
| Contract assets | 3,326 | 10,041 |
| Trade and other receivables | 8,092 | 11,720 |
| Prepayments | 5,480 | 1,521 |
| Other investments | 446 | - |
| Cash and fixed deposits | 51,517 | 42,076 |
| 97,809 | 95,258 | |
| Total assets | 179,633 | 144,420 |
| Current liabilities | ||
| Trade and other payables | 13,948 | 15,811 |
| Contract liabilities | 25,671 | 23,523 |
| Provision | 6,693 | 7,120 |
| Interest bearing loans and borrowings | 1,925 | 377 |
| Deferred consideration | 2,532 | 94 |
| Lease liabilities | 376 | 280 |
| Current tax payables | 1,986 | 3,457 |
| 53,131 | 50,662 | |
| Non-current liabilities | ||
| Deferred tax liabilities | 433 | 952 |
| Interest bearing loans and borrowings | 5,257 | 3,266 |
| Deferred consideration | 18,350 | 1,807 |
| Lease liabilities | 308 | 492 |
| 24,348 | 6,517 | |
| Total liabilities | 77,479 | 57,179 |
| Capital and reserves | ||
| Share capital | 43,580 | 43,136 |
| Share-based compensation reserve | 890 | 617 |
| Foreign currency translation reserve | (6,057) | (4,831) |
| Accumulated profits | 63,741 | 48,319 |
| Total equity | 102,154 | 87,241 |
| Total equity and liabilities | 179,633 | 144,420 |
Consolidated statement of cash flows (Unaudited)
|
Group 6-Month ended 30 Jun |
Group Financial year ended 30 Jun |
|||
|---|---|---|---|---|
|
2025 $'000 |
2024 $'000 |
2025 $'000 |
2024 $'000 |
|
| Cash flows from operating activities | ||||
| Profit after tax | 10,658 | 14,453 | 18,221 | 21,381 |
| Adjustments for:- | ||||
| Depreciation of property, plant and equipment | 2,569 | 2,582 | 5,145 | 5,044 |
| Depreciation of right-of-use assets | 316 | 160 | 612 | 492 |
| Amortisation of intangible assets | 54 | 57 | 110 | 114 |
| (Gain)/Loss on disposal of property, plant and equipment | (448) | 30 | (448) | 30 |
| Allowance/(Write-back) made for inventories obsolescence, net | 111 | (13) | 421 | 435 |
| Interest income | (481) | (651) | (957) | (1,171) |
| Share-based payment expenses | 132 | 142 | 273 | 236 |
| Interest expense | 286 | 97 | 493 | 156 |
| Tax expense | 3,394 | 4,278 | 7,229 | 7,818 |
| Unrealised foreign exchange loss/(gain) | 552 | (928) | 1,193 | (437) |
| 17,143 | 20,207 | 32,292 | 34,098 | |
| Changes in : | ||||
| – Inventories | 5,950 | (16,016) | 838 | (14,495) |
| – Trade and other receivables | (1,306) | 2,037 | 159 | (4,688) |
| – Prepayments | (2,706) | 1,060 | (4,000) | 294 |
| – Contract assets | 2,250 | 8,571 | 6,324 | 6,311 |
| – Contract liabilities | 9,783 | (1,147) | 3,811 | 954 |
| – Trade and other payables | (669) | (8,622) | 612 | (9,557) |
| – Provisions | (901) | 462 | (599) | 2,751 |
| Cash generated from operations | 29,544 | 6,552 | 39,437 | 15,668 |
| Net income tax paid | (3,516) | (6,388) | (8,188) | (6,647) |
| Net cash generated from operating activities | 26,028 | 164 | 31,249 | 9,021 |
| Cash flows from investing activities | ||||
| Interest received | 458 | 579 | 933 | 1,099 |
| Placement of longer term deposits | - | (1,358) | - | (1,358) |
| Proceeds from longer term deposits | 1,322 | 1,327 | 1,322 | 4,519 |
| Restricted cash | 376 | (1,413) | (2,936) | (1,413) |
| Proceeds from other investment | - | - | - | 989 |
| Proceeds from disposal of property, plant and equipment | 2,009 | 25 | 2,009 | 25 |
| Purchase of property, plant and equipment | (14,264) | (2,111) | (18,640) | (4,742) |
| Net cash used in investing activities | (10,099) | (2,951) | (17,312) | (881) |
| Cash flows from financing activities | ||||
| Interest paid | (237) | (97) | (444) | (156) |
| Dividend paid | (933) | (923) | (2,799) | (2,769) |
| Repayment of lease liabilities | (207) | (156) | (374) | (290) |
| Repayment of interest-bearing loans and borrowings | - | - | 82 | - |
| Repayment of interest-bearing loans and borrowings | (496) | (92) | (625) | (514) |
| Repayment of deferred consideration | (46) | (275) | (92) | (561) |
| Proceeds from issue of shares pursuant to share plans | - | - | 444 | - |
| Net cash used in financing activities | (1,919) | (1,543) | (3,808) | (4,290) |
| Net increase/(decrease) in cash and cash equivalents | 14,010 | (4,330) | 10,129 | 3,850 |
| Cash and cash equivalents at beginning of period/year | 35,309 | 42,842 | 39,305 | 35,522 |
| Effect of exchange rate changes on balances held in foreign currency | (2,151) | 793 | (2,266) | (67) |
| Cash and cash equivalents at end of period/year | 47,168 | 39,305 | 47,168 | 39,305 |