• Group Net Revenue up 3.8% to $84.1M
• Group Normalised EBITDA down 36.2% to $5.0M
• Disruptive Technologies segment revenue up 40.2% to $3.1M

Trajan Group Holdings Limited (ASX: TRJ) released its Half Year FY26 financial results, reporting Group Net Revenue of $84.1M, up 3.8% on the previous corresponding period (PCP). This was driven by a 6.1% increase in the Components & Consumables segment to $51.9M and a 40.2% increase in the Disruptive Technologies segment to $3.1M, partially offset by a 2.7% decline in the Capital Equipment segment to $29.1M. Group Normalised EBITDA fell 36.2% to $5.0M, impacted by a $1.3M expense from revaluation of balance sheet net trading assets, costs associated with establishing 'in region for region' capabilities and elevated freight costs, as well as timing differences in US tariff recovery. The company's balance sheet showed Net Debt increased by $2.7M to $32.2M, with $12.8M in cash at the end of the half. The Components & Consumables segment remained resilient, while the Capital Equipment segment experienced customer delays in order placement in the first quarter before seeing a return to growth in the second quarter. The Disruptive Technologies segment, comprising the company's microsampling technologies and Versiti instrument platform, reported improved performance with revenue up 40.2% and normalised EBITDA loss reduced by 69.4%. The company reaffirmed its FY26 guidance, expecting Group Net Revenue to exceed $170.0M and Group normalised EBITDA to exceed $16.0M.

FY26 Net Revenue expected to exceed $170.0M (FY25: $165.5M); FY26 Group normalised EBITDA expected to exceed $16.0M (FY25: $15.5M)

The company remains confident in achieving its full year guidance, citing resource reductions, further cost structure actions in H2, pricing adjustments, and expected growth areas as supporting the H2 projection.