• Revenue up 0.3% to $28.7m
• EBIT up 9.5% to $6.9m
• Net profit up 7.3% to $5.0m
• Robust balance sheet with $8.1m in cash

XRF Scientific Ltd ('XRF' or 'Company' or 'Group') is pleased to report its December 2024 half-year results to shareholders. The Company generated a record half-year result with revenue of $28.7m and a 12% increase in Net Profit After Tax to $5.0m. The half included a record quarterly profit before tax of $3.8m, which occurred during the December 2024 quarter. During the half we saw strong levels of activity across the Group, driven by the mining industry globally. International sales growth continued in Asia, the Americas and Europe. Consumable sales were a standout, where record product volumes were achieved. Our growing installed base of machines is generating additional recurring revenue in the form of consumable sales and platinum labware recycling. Our cross-selling strategy continues to be successful, with customers increasingly purchasing numerous products across our range. The Consumables division had an excellent half, generating a record profit before tax of $3.6m from revenue of $9.6m. The Precious Metals division delivered revenue of $10.3m and a profit before tax of $1.7m. The Capital Equipment division delivered a profit before tax of $1.8m from revenue of $10.1m. The Company's balance sheet remains robust with $8.1m in cash and $1.2m in debt at 31 December 2024.