Quarterly Activities Report & Appendix 4C
| Stock | Structural Monitoring Systems Plc (SMN.ASX) |
|---|---|
| Release Time | 17 Oct 2025, 8:46 a.m. |
| Price Sensitive | Yes |
Structural Monitoring Systems Plc reports Q1 FY26 results
- Net profit after tax of $1.2 million, third consecutive quarter of profitability
- Revenue up 23% year-on-year to $8.1 million
- Adjusted EBITDA up 250% year-on-year to $2.1 million
Structural Monitoring Systems Plc (ASX: SMN) continued its strong turnaround, reporting the third consecutive quarter of profitability in Q1 FY26. The company recorded a net profit after tax of $1.2 million, up from a net loss of $0.3 million in the prior year. Revenue increased 23% year-on-year to $8.1 million, while adjusted EBITDA grew 250% to $2.1 million. The avionics business segment, which now accounts for 63% of total revenue, drove the company's ongoing profit growth and margin expansion. The company delivered 50 additional MTP136D radios to CAL FIRE, secured an additional Supplemental Type Certificate for the MTP136D, and launched a new avionics R&D project to expand its special mission product offering. The company also announced a significant sale of magnetic amplifiers to the U.S. Navy through the Canadian Commercial Corporation program. The company's CVM smart sensor solutions continue to progress, with 64 Delta Air Lines and two other major U.S. airline aircraft now fitted with CVM sensor kits. The company remains focused on sustaining profitability, expanding its avionics IP product suite, and delivering ongoing planned profitability in FY26.
The company expects to continue its strong performance in the second quarter of FY26, with momentum expected to continue. The company remains focused on sustaining profitability and expanding its avionics IP product suite.
The company is well-positioned to build on its momentum throughout FY26, with a focus on sustaining profitability, expanding its avionics IP product suite, and delivering ongoing planned profitability. The company's executive sales and marketing team is actively pursuing targeted domestic and global opportunities, including product sales, new product and development programs, partnerships, and potential acquisitions to increase its global presence in special mission products and services.