• Acquisition of Glowing Structures, a specialist lighting design consultancy
• Glowing Structures generated $1.3m in sales and $0.3m in EBITDA in FY24
• Purchase price of $700k, funded within existing cash and debt facilities

FOS Capital Limited (ASX: FOS) has announced the acquisition of specialist lighting design consultancy Glowing Structures. Melbourne-based Glowing Structures provides clients across a range of sectors with innovative design services and technical advice, from conception to installation, with a focus on consistently high standards. In FY24, the company generated sales of $1.3m and EBITDA of $0.3m (unaudited), with Glowing structure lighting design specified on $14m of lighting products sales. The purchase price for Glowing Structures is $700k, comprised of $200k cash on completion, $200k cash six months from completion, and $300k in FOS ordinary shares, to be issued at 31 cents per share based on a 5-day VWAP. The transaction is being funded within FOS Capital's existing cash and debt facilities. Founder and Managing Director Adam De Guara will continue in his existing role with the business under a 3-year agreement and will also become a key shareholder in FOS Capital. All conditions precedents have been met, and the transaction was completed on 5 May 2025, with shares to be issued by 12 May 2025. FOS Managing Director Con Scrinis said the acquisition significantly expands the company's presence in the lighting services industry and presents a significant opportunity to convert a high percentage of Glowing Structures' sales specifications into sales of FOS's market-leading lighting products.