• Revenue of $28.7m
• Profit Before Tax up 13% to $7.0m
• Net Profit After Tax up 12% to $5.0m
• Operating Cash Inflow up 105% to $4.4m

XRF Scientific Ltd ('XRF' or 'The Company') today announced its results for the December 2024 half-year, reporting strong financial performance. Revenue reached $28.7m, Profit Before Tax increased 13% to $7.0m, and Net Profit After Tax grew 12% to $5.0m. Operating Cash Inflow was up 105% to $4.4m. The company saw strong levels of activity across the Group, driven by the mining industry globally, with international sales growth continuing in Asia, the Americas, and Europe. The Consumables division had an excellent half, generating a record profit before tax of $3.6m from revenue of $9.6m. The mining sector remained the key driver of activity, with the company's products being consumed for sample testing processes across production and exploration. The Precious Metals division delivered revenue of $10.3m and a profit before tax of $1.7m, benefiting from high levels of recurring orders from mining customers. The Capital Equipment division, including the recently acquired Labfit business, also contributed to the strong performance, delivering a profit before tax of $1.8m from revenue of $10.1m. The company's office in Germany returned to profitability, and the integration of Labfit is well advanced, with the business scheduled to move to the main capital equipment factory in Perth during the March 2025 quarter.

The company reported a record quarterly Profit Before Tax of $3.8m in December Q2 2024.

The company expects its cross-selling strategy and expanded sales distribution for its Orbis crushers to have a positive impact in the short-term.