• Achieved $19.1 million in revenue, a 25% increase over prior year
• Reported NPAT of $1.78 million, up 36.3% year-on-year
• Strengthened liquidity with $2.88 million in cash and cash equivalents

Advanced Braking Technology Ltd (ASX: ABV) reported its results for the financial period ending 30 June 2025 (FY25), showcasing robust top-line expansion, enhanced profitability, and strengthened liquidity. The company achieved $19.13 million in revenue, a 25.2% increase over the prior corresponding period (pcp), driven by strong demand for its offerings. Reported net profit after tax (NPAT) grew 36.3% year-on-year to $1.78 million, while underlying NPAT (excluding R&D tax incentive rebate) surged 86.5% to $1.05 million, reflecting stringent cost control and solid gross margins. The company's balance sheet also strengthened, with cash and cash equivalents increasing 19.4% to $2.88 million and net assets rising 27.6% to $10.73 million. ABT continued to invest in new product development, including the successful introduction of BRAKEiQ and the Failsafe SIBS for Toyota Hilux, broadening its product range and unlocking new revenue streams. The company also achieved a 47% growth in international revenue, driven by effective strategic market penetration in key regions like Canada, Indonesia, and Mongolia. ABT maintained a strong focus on leveraging its core Sealed Integrated Brake System (SIBS) intellectual property and ongoing investment in R&D, which are expected to support the company in adding new customers in Australia and international territories in FY26.

The company expects the estimated R&D tax income rebate for the FY25 will be $0.725 million, compared to $0.948 million in the prior year. The company also noted that it does not expect to be eligible to receive the R&D tax income rebate for the FY26 period.

ABT operates in the global underground mining sector, which is experiencing robust growth fueled by rising demand for critical minerals and the necessity of deeper extraction. As safety compliance becomes increasingly paramount, ABT is well positioned to support client mining fleets with its innovative Failsafe Safety Technology OEM offering, including its cutting-edge autonomous braking system, BRAKEiQ, which is strategically positioned to revolutionize mining safety and enable the future of autonomous operations globally.