ABT Correction to Half Year Results Release
| Stock | Advanced Braking Technology Ltd (ABV.ASX) |
|---|---|
| Release Time | 26 Feb 2026, 12:52 p.m. |
| Price Sensitive | Yes |
ABT Corrects Typo in Half Year Results
- Record half-year revenue growth of 27%
- Increased profitability with 62% growth in NPAT
- Stable gross profit margins of 48.7%
Advanced Braking Technology Ltd (ABT) has issued a correction to its Half Year Results ASX announcement dated 25 February 2026. The company has confirmed that there was a typo in the Half Year Results Release and in the Interim Financial Statements - Directors Report, where the change in Basic earnings per share was incorrect. The correct figure shows an encouraging increase of 55.2%. The key financial metrics for the first half of FY26 include record revenue growth of 27.2% to $11.058 million, a 61.6% increase in Reported net profit after tax (NPAT) to $538,000, and a 44.1% increase in cash and cash equivalents to $4.143 million. ABT's gross profit margins remained stable at 48.7%, demonstrating operational efficiency and pricing discipline. The company's strong financial performance was driven by robust demand for its SIBS2 Failsafe safety systems, with new brake sales up 25.8% and spares and consumables up 28.4%.