• Successful leadership transition with new CEO Rob Freeman joining the company
• Significant investments in operational capability, technology, and geographic expansion
• Strong second-half performance with revenue up 14% and NPAT up 169.5% compared to first half
• Modular laser cladding technology driving new licensing opportunities with major OEMs

LaserBond Ltd's 2025 Annual General Meeting featured an address from the Chair highlighting the company's successful leadership transition, with Wayne Hooper concluding his tenure as CEO and Rob Freeman joining as the new CEO. The Chair praised Hooper's impact on the organization and expressed confidence in Freeman's experience to lead the company's next phase of growth. The address outlined LaserBond's significant investments over the last two years to build organizational capability, including bringing in experienced leaders, hiring skilled tradespeople, modernizing facilities, and implementing advanced technology. While these investments weighed on first-half results, the second half saw a turnaround, with revenue up 14% and corresponding improvements in profitability. The company's three operating segments - Services, Products, and Technology - all demonstrated strong momentum, with the successful launch of the Quick Response Team initiative and the delivery of the first modular laser cladding cell to Gateway. Looking ahead, LaserBond's strategic priorities are anchored by four core pillars: Geographic Expansion, Capacity and Capability Enhancement, Innovation Leadership, and Technology Integration, complemented by 'Digital First' and 'World Class' strategic themes. The company is also preparing to launch a new product range called X-Clad, which targets a gap in the market for extreme wear and erosion resistance at more competitive pricing. The trading update indicates continued strong momentum, with robust order books extending into calendar 2026, though the company notes the typical operational challenges during the Christmas period.

LaserBond Ltd reported revenue of $43.5 million and net profit after tax of $3.8 million for the 2025 financial year, representing year-on-year growth of 3.6% and 10.4% respectively. The company's second-half revenue was $23.2 million, up 14.2% on the first half, and second-half NPAT was $2.8 million, up 169.5% on the first half.

LaserBond Ltd's strategic outlook is anchored by four core pillars: Geographic Expansion, Capacity and Capability Enhancement, Innovation Leadership, and Technology Integration, complemented by 'Digital First' and 'World Class' strategic themes. The company is preparing to launch a new product range called X-Clad, which targets a gap in the market for extreme wear and erosion resistance at more competitive pricing, and is seeing strong momentum with its order book extending into calendar 2026.