• Aerospace & Defence momentum continuing with a US$5.5M (~AUD$8.9M) milestone order secured
• New product range commercialised, leveraging R&D investment
• Scaling for growth with new Australian factory, increased efficiency and capacity

PWR Holdings Ltd reported its H1 FY25 results, with revenue down 2.1% to $62.9M and NPAT down 58.3% to $4.1M. However, these results were above the company's November 2024 guidance. The Aerospace & Defence (A&D) segment saw 79% revenue growth, with a US$5.5M (~AUD$8.9M) milestone order secured for a US government project, validating the company's A&D investments, credentials and reputation. PWR also commercialised a new product range, including battery cell cooling technology, driving profitable revenue in high-demand applications. The company is scaling for growth, with a new Australian factory expected to be completed by November 2025, doubling the local capacity to support A&D revenue growth. PWR is also investing in its UK and US locations to enhance production site flexibility and mitigate evolving terms of trade risk. The company received an $8.8M grant from the Queensland Government to support its expansion. PWR continues to invest in sustainability, innovation, and its people, with a focus on profitable growth across its Aerospace & Defence, Motorsports, and other market sectors.

PWR expects capital expenditure to be temporarily elevated in FY25 at $41.5M, reflecting the expansion of production capability across three sites and additional equipment to deliver Aerospace & Defence products. The company also anticipates one-off operating expenses of $4.3M in FY25 and $5.8M in FY26 related to the relocation and upgrade of its Australian factory.