• Strong financial performance with revenue up 13.4% and NPAT up 117% vs pcp
• Products division momentum with 34.2% revenue growth
• Services margin expansion with gross margin improving to 58.3%
• Successful Komatsu licensing deal and progress on additional OEM opportunities

LaserBond Ltd reported a strong 1H FY26 performance, with revenue increasing 13.4% to $23.0m and NPAT up 117% to $2.2m compared to the prior corresponding period. The Products division maintained its momentum from 2H FY25, delivering 34.2% revenue growth, while the Services division improved its gross profit margin to 58.3% through operational efficiency. The company also secured a $2.4 million licensing deal with Komatsu for its LaserBond® cladding technology, demonstrating the commercial value of its intellectual property. LaserBond is progressing additional OEM deals in advanced stages of negotiation. The balance sheet remains strong, with low gearing, a growing equity base, and solid operating cash flow of $1.5 million. The company continues to invest in innovation, including the development of new tungsten carbide formulations and materials and process improvements to support the Products division's expansion into new sectors. LaserBond's 40% stake in the Gateway Group is also performing well, with revenue growth of 24% to $24.7 million and improved machining capabilities attracting new mining customers. The company is well-positioned for 2H FY26, with a healthy order book, improved productivity from machinery upgrades, and growth opportunities in the oil and gas, international, and innovation pipeline.

LaserBond expects to maintain the strong momentum from 1H FY26 into the second half, with the company's full-year revenue, EBITDA, and NPAT expected to be in line with market guidance provided in the 1H FY26 results.

Looking ahead, LaserBond is focused on operational excellence, including securing tungsten carbide supply, diversifying its supplier base, and driving productivity enhancements and cost efficiency initiatives. The company is also pursuing international market expansion and further developing its technology licensing opportunities to generate new revenue streams.