• Revenue forecast at $29.6M, with H2 FY25 revenue at $17.1M
• Adjusted EBITDA forecast at $5.0M, up 105% from FY24
• Strong H2 FY25 operating cash flow positive

Structural Monitoring Systems Plc (ASX: SMN) announces a revised forecast for FY25 following its Interim Financial Report for the half-year ended 31 December 2024. Despite minor variations to the December forecast, SMS is now in the strongest financial position it has ever been and is confident in delivering even better results in the coming years. Revenue forecast for FY25 is now $29.6M, with H2 FY25 revenue forecasted at $17.1M, an annualized run rate of $34.2M. Adjusted EBITDA forecast for FY25 is now $5.0M, down from September 2024 forecast of $7.6M but up 105% on FY24 Adjusted EBITDA of $2.5M. Net cash flow from operations for FY25 is forecast to be $2.0M, excluding changes to working capital, with a strong positive trend in H2 FY25. The company remains confident in the continued progress of its innovation pipeline and is evaluating new product investments in Audio Systems and Radios, as well as acquisitions in Avionics and Structural Health Monitoring.

Revenue forecast for FY25 at $29.6M, Adjusted EBITDA forecast at $5.0M, and net operating cash flow forecast at $2.0M (excluding changes to working capital).

SMS is confident in delivering even better results in the coming years, with a strong H2 FY25 performance and a focus on new product investments and acquisitions to further grow its Avionics and Structural Health Monitoring business segments.