Advanced Braking Technology Ltd (ASX:ABV) Announces H1 FY25 Results
Financial Performance
Advanced Braking Technology Ltd reported record half-year revenue of $8.695 million, a 22.3% increase from the prior corresponding period. The company’s normalised net profit after tax reached $0.333 million, marking a 234% rise. ABT maintained a cash position of $2.36 million and achieved a gross margin of 48.1%.
Strategic Developments
ABT signed a global exclusive distribution agreement for BrakeIQ, an automatic braking system for heavy vehicle fleets. The company’s international revenue grew by 56%, driven by engagements in North America, Southeast Asia, and North Asia. ABT expanded its market presence in Indonesia and Mongolia, becoming the preferred failsafe provider for underground vehicle fleets in key mining operations.
Future Outlook
ABT expects BrakeIQ to contribute to significant growth in FY26 and beyond, diversifying revenue streams and complementing existing safety products. The company remains optimistic about growth prospects in resource-rich regions, focusing on innovation, market expansion, and operational efficiency to deliver sustainable long-term growth.
Executive Comments
“As we enter the second half of FY25, we remain optimistic about our growth prospects, particularly in these expanding and resource-rich regions of Australian, Asian, African, and American markets, where the demand for advanced mining technology and safety solutions is rapidly growing. We have a strong pipeline of new product launches and strategic partnerships that will drive continued success, and I’m confident in achieving our full-year revenue growth target for FY25. We will continue to focus on driving innovation, expanding our market presence, and improving operational efficiency to deliver sustainable long-term growth for our shareholders. I want to take this opportunity to express my sincere gratitude and congratulations to the dedicated ABT team. I especially want to acknowledge the exceptional cross-functional collaboration that has led to the successful launches of SIBs Hilux and BrakeIQ and the achievement of our H1 revenue. This success is a testament to our team’s hard work, dedication, and commitment to innovation and collaboration, which are core values at ABT. We maintain an unwavering focus on ABT’s Strategic Roadmap as we move forward, work together, embrace new challenges in the second half of FY25!”
Andrew Booth, Chief Executive Officer.
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