Quarterly Activities Report & Appendix 4C
| Stock | Structural Monitoring Systems Plc (SMN.ASX) |
|---|---|
| Release Time | 23 Jan 2026, 8:24 a.m. |
| Price Sensitive | Yes |
Structural Monitoring Systems Plc Reports Quarterly Results
- 1HFY26 profit after tax of $1.5 million, compared with a 1HFY25 loss after tax of $2.3 million
- 1HFY26 revenue of $16.5 million, up 31% on the prior corresponding period
- Progressing CVM™ from technical documentation validation toward commercial adoption
Structural Monitoring Systems Plc ('SMS' or 'the Company') (ASX:SMN & SMNOA) reported its Appendix 4C and Quarterly Update for the period ended 31 December 2025, highlighting the group's continued performance and operational progress. The key highlights include a 1HFY26 profit after tax of $1.5 million, compared with a 1HFY25 loss after tax of $2.3 million, and a 1HFY26 revenue of $16.5 million, up 31% on the prior corresponding period. The company's AEM Avionics business segment delivered a particularly strong result, with revenue increasing by 48% year-on-year. The company also made progress in advancing its CVM™ smart sensor solutions, with a focus on completing technical documentation validation for the Boeing 737NG application and engaging with the FAA and targeted OEM applications. During the quarter, the company also undertook several governance and corporate actions, including the appointment of Neville Bassett AM as Non-Executive Chairman, to strengthen the board's strategic and governance capability.
The company reported a 1HFY26 profit after tax of $1.5 million and EBITDA of $3.6 million, compared to a 1HFY25 loss after tax of $2.3 million and EBITDA of $0.4 million. The company also reported a cash balance of $4.6 million at the end of the quarter, with unused finance facilities of $6.5 million, providing a total available funding of $11.1 million.
The company's CEO, Mr. Rick Freeman, stated that the group's AEM Avionics business continues to deliver strong revenue growth, improved manufacturing margins, and sustained profitability, reflecting the strength of the company's diversified product portfolio and disciplined operational execution. The CEO also expressed optimism about the pipeline of new avionics products expected to enter the market in FY27 and FY28, which supports the group's growth plan over the next five years.