• Maiden profit after tax of $0.2m, up 118% year-on-year
• Record total sales of $28.2m, up 1% on prior year
• Avionics segment revenue up 43% to $16.0m, driving growth

Structural Monitoring Systems Plc ('SMS,' 'the Company' or 'the Group') and its Canadian-based, wholly owned subsidiary, Anodyne Electronics Manufacturing Corp ('AEM'), recorded a maiden profit after tax of $0.2m for the year ended 30 June 2025 (FY25) (2024: loss after tax $1.0m) representing a 118% improvement year-on-year. The Group achieved record total sales for the 2025 financial year (FY25) of $28.2m, an increase of 1% on the prior year (FY24). A management restructure and targeted sales strategy implemented during the December quarter at a cost of $0.4m transformed the Group's trajectory, with the second half-year delivering a profit after tax of $3.0m, driving a positive full-year result. The avionics business segment generated gross revenue of $16.0m, an increase of 43% on the year prior and continues to drive growth and tap into expanding markets particularly in the Special Mission Avionics sector. AEM's contract manufacturing segment continues to support a limited number of high-value projects, with revenue reflecting the Company's strategic focus on prioritising its own intellectual property products. The Company raised a total of $8.7m before issue costs through a placement and Share Purchase Plan, which were directed towards avionics product development and manufacturing expansion and CVMTM technology applications and working capital. The Group balance sheet was further strengthened during the year, with cash and debt available amounting to over $8.8m at the reporting date as well as positive cash generation from operations.

The Board is confident SMS is well positioned for continued profitability and growth in FY26 and beyond, supported by ongoing strong sales of the USFS-approved Forest Radio across the United States and other overseas markets, commercialisation of other high margin, avionics products and the continued progress of its CVMTM certification process.