• Strong earnings growth as FOS builds out critical mass
• Successful execution driving earnings uplift on operating leverage
• Well positioned to execute on a growing opportunity set

FOS Capital, a founder-led manufacturer and distributor of commercial LED lighting, reported strong financial results for FY25. Revenue grew 4% to $25.5 million, while EBITDA increased 43% to $2.1 million, driven by operating leverage as the company continues to build out critical mass. The company's net profit after tax (NPAT) rose 48% to $0.9 million, and earnings per share (EPS) increased 47% to 1.72 cents per share. FOS Capital's export market sales grew 84% to $2.7 million, now accounting for 11% of total sales. The company's operating cash flow improved significantly, up 130% to $2.3 million. FOS Capital executed two strategic acquisitions during the year, acquiring Aldridge Traffic Systems (ATS) and Glowing Structures, a specialist lighting design consultancy. These acquisitions have expanded the company's presence in the road lighting industry and the lighting services sector, respectively. The company remains well-positioned to support ongoing government infrastructure spending and is increasingly recognized as a key provider of choice for its customers. FOS Capital's orders on hand and active quotes provide good visibility heading into FY26, and the company is focused on executing its growth strategy through organic growth and accretive M&A.

FOS Capital expects to maintain its strong financial performance, with continued revenue and EBITDA growth in the 2026 financial year.

FOS Capital is well-positioned to execute on a growing opportunity set, with orders on hand and active quotes providing good visibility heading into FY26. The company remains focused on its growth strategy, which combines organic expansion and strategic, accretive acquisitions to increase its market share from 5% to 15% in the medium-term, while maintaining an EBITDA margin exceeding 10%.