• Revenue up 22.3% to $8.7M
• Normalised NPAT up 234.4% to $333K
• Strong pipeline of new products and strategic partnerships

Advanced Braking Technology Ltd (ABT) has released its Appendix 4D and Half Year Financial Statements for the period ended 31 December 2024. The key highlights include:- Revenue from continuing operations up 22.3% to $8.7M- Gross margin of 48.1% (H1 FY24: 51.4%)- Normalised net profit after tax (excluding R&D incentive income) up 234.4% to $333K- Cash and cash equivalents of $2.4M and net assets of $9.3MABT's international revenue continued to perform well, driven by strategic engagement with blue-chip customers in North America, Southeast Asia, and North Asia. The company is seeing strong deal activity and opportunities across regions including South Australia's Copper region, the Western Australian Goldfields, Indonesia, Mongolia, South Africa, Canada and Ghana.During the period, ABT launched its BrakeiQ automatic braking system designed to 'plug and play' with Collision Avoidance Systems. The company is engaging with partners in Australia, South Africa and North America to drive future revenue diversification.Looking ahead, ABT remains optimistic about its growth prospects, particularly in the expanding and resource-rich regions of Australia, Asia, Africa and the Americas, as well as the growing demand for technology-led safety solutions. The company has a strong pipeline of new products and strategic partnerships that will drive continued success.

ABT is targeting full-year revenue growth, but has not provided specific financial guidance for FY25.

ABT is optimistic about its growth prospects, driven by new products, strategic partnerships and expanding into new geographic markets. The company is focused on driving innovation, expanding its market presence, and improving operational efficiency to deliver sustainable long-term growth.