• Record half year revenue of $8.695m, up 22.3% from prior corresponding period
• Normalised Net profit after tax of $0.333m, up 234% from prior corresponding period
• Signed global exclusive distribution agreement for BrakeIQ, a unique automatic braking system

Advanced Braking Technology Ltd (ABT), the pre-eminent supplier of fail-safe brakes for commercial vehicles in Australia, has provided an overview of its 1st Half (H1) FY25 results. The company reported record half year revenue of $8.695 million, an increase of 22.3% from the prior corresponding period. Normalised Net profit after tax was $0.333 million, a 234% increase from the prior corresponding period. ABT's cash position at the end of the period was $2.36 million. The company also announced the signing of a global exclusive distribution agreement for its new BrakeIQ automatic braking system, which is a unique, cutting-edge solution that addresses a critical need in the market by providing a 'plug and play' solution for heavy vehicle fleets. BrakeIQ is expected to contribute material growth and scale for ABT in FY26 and beyond, further diversifying the company's revenue streams and complementing its existing portfolio of safety products. During the period, ABT achieved significant revenue milestones across Asia, including Indonesia (+281%) and Mongolia (+254%), with key underground gold and copper mine operations nominating the company's Brakesafe brand as the preferred Failsafe provider for underground vehicle fleets. The company remains optimistic about its growth prospects, particularly in expanding and resource-rich regions of Australia, Asia, Africa, and the Americas, where the demand for advanced mining technology and safety solutions is rapidly growing.

The company expects BrakeIQ to contribute material growth and scale in FY26 and beyond.

ABT remains optimistic about its growth prospects, particularly in expanding and resource-rich regions of Australia, Asia, Africa, and the Americas, where the demand for advanced mining technology and safety solutions is rapidly growing. The company has a strong pipeline of new product launches and strategic partnerships that will drive continued success, and it is confident in achieving its full-year revenue growth target for FY25.