• Q3 Profit before tax $1.5m up 850% on Q3FY24
• Revised FY25 forecast anticipates strong growth in H2 FY25
• Forecast FY25 Adjusted EBITDA of $5.0m representing a 105% increase on FY24

Structural Monitoring Systems Plc (ASX:SMN) reported strong Q3 results with profit before tax of $1.5m, up 850% on Q3FY24, and Adjusted EBITDA of $2.2m, up 251% on Q3FY24. This reflected 18% revenue growth and benefits from the corporate restructure executed in Q2. The company also reported positive operating cash flow of $0.3m, up 185% on Q3FY24, driven by the Q2 cost restructuring and strong Forest Radio sales. The company revised its FY25 forecast, anticipating strong growth in H2 FY25 with Adjusted EBITDA forecast to increase 105% on FY24 to $5.0m. Key achievements during the quarter included receiving FAA approval and issuance of final documents to Boeing for its Aft Pressure Bulkhead (APB) sensor technology, with Delta Air Lines confirming 64 of 71 APB sensor installations completed on eligible 737 aircraft. AEM also received full USFS and DOI approvals for its MTP136D Panel-Mount Forest Service Radio, authorising use in all federally regulated aerial firefighting aircraft, and launched two new avionics products. The company also completed a $1.34m private placement with its largest institutional shareholder.

Forecast FY25 Adjusted EBITDA of $5.0m, representing a 105% increase on FY24.

The company expects strong momentum throughout 2025, supported by lower operating costs and continued sales of its USFS-approved Forest Radio. The successful launch of two new AEM products reinforces the company's reputation for quality and innovation, especially in the special mission sector.