• Record half-year revenue and profit
• Strong demand from mining and industrial customers
• International sales growth in numerous developing markets
• Installed base of machines generating additional recurring revenue

XRF Scientific Ltd has delivered a strong set of financial results for the first half of the 2025 financial year, with record revenue of $28.7m and net profit after tax of $5.0m, up 12% from the previous corresponding period. The company saw strong demand from mining and industrial customers, as well as international sales growth in numerous developing markets. The installed base of machines is generating additional recurring revenue in the form of consumable sales and platinum labware recycling. The company also completed the acquisition of the remaining 50% of Orbis Mining and 100% of Labfit during the period. The company's Consumables, Precious Metals, and Capital Equipment segments all performed well, with the Consumables segment reporting a 25% increase in net profit before tax. The company is focused on ramping up sales of its xrTGA product, growing Orbis laboratory crusher sales, integrating Labfit into its sales network, continuing geographical expansion initiatives, and releasing new products. The company remains on the lookout for M&A opportunities in the laboratory supply or precious metals sectors.

For the full year 2025, the company expects revenue of approximately $60m and net profit before tax of around $12.6m, representing growth of 8% and 13% respectively compared to the 2024 financial year.

The company is optimistic about its growth prospects, driven by strong demand from mining and industrial customers, continued international expansion, new product releases, and potential M&A opportunities. The company is well-positioned to capitalize on the growing demand for its laboratory equipment and consumables.