• Revenue up 13.4% to $23.0 million
• Net profit before tax up 153.8% to $3.3 million
• Services margins expanded to 58.3%
• Products revenue grew 34.2% with strong export performance
• Order book 70% higher than 12 months earlier

LaserBond Ltd, a specialist advanced surface engineering company, is pleased to announce its results for the six months ended 31 December 2025 (1H FY26), building on the momentum established in the second half of FY25. The company delivered revenue of $23.0 million, representing growth of 13.4% on the prior corresponding period, and in line with 2H FY25 performance. Gross profit of $12.4 million delivered a healthy margin of 53.9%. Net profit before tax of $3.3 million was significantly higher than 1H FY25 ($1.3 million), representing growth of 153.8%, though modestly below the strong 2H FY25 result ($3.7 million). The Services Division generated $14.3 million revenue, up 10.0% from 1H FY25, with gross margins expanding to 58.3%. The Products Division delivered $8.4 million, up 34.2% from 1H FY25, sustaining 2H FY25 momentum. The Technology Division progressed well following the initial laser-cladding cell delivery to Gateway, with the $2.3 million Komatsu licensing agreement for earthmoving equipment manufacturing remaining on schedule for 2H FY26 delivery. Research & Development investment increased substantially in 1H FY26 to develop Tungsten Carbide alternatives and new formulations in response to global supply constraints. LaserBond is well-positioned for a strong second half, supported by an order book 70% ahead of the prior year, as of 1 January 2026. Services should benefit from normalising mining equipment cycles, while Products maintains momentum through expanding relationships and new offerings. The Komatsu licensing delivery will add Technology revenue and demonstrate proprietary capabilities.

LaserBond expects improved mining activity and a strong finish to FY26, supported by machinery upgrades, efficiency initiatives, and the $2.3 million Komatsu licensing agreement for earthmoving equipment manufacturing scheduled for delivery in 2H FY26.

LaserBond is well-positioned for ongoing expansion, with growth avenues in oil and gas, international markets, and innovation. While acknowledging global uncertainty, the company's diversification, customer relationships, and innovation investments provide a strong foundation for the future.