Avi-Tech posts $1.0m H1 loss as revenue slips
Loss for the period widened to $990,000 from a $231,000 loss a year earlier.
Avi-Tech posted a net loss of $1.0m for the half-year ended 31 Dec 2025 as revenue fell 3% to $8.7m amid what it called challenging market conditions.
The group said gross profit dropped to $700,000 from $1.4m, whilst loss for the period widened to $990,000 from a $231,000 loss a year earlier.
Basic and diluted earnings per share remained negative at $0.0058, it said.
Avi-Tech said Manufacturing and PCBA services revenue rose to $6.1m, but Engineering Services revenue fell to $2.6m, weighing on overall results. It added that revenue from major customers accounted for about 54% of group revenue in H1 FY 2026.
The board did not declare an interim dividend, with the company citing prudence and the need to conserve resources for working capital and operations.
Avi-Tech reported net cash from operating activities of $233,000, whilst cash and cash equivalents, as defined in the filing and including short-maturity fixed deposits, stood at $10.4m at 31 Dec 2025.
It also disclosed cash and bank balances of $4.7m and fixed deposits of $32.8m, which the company described in its press release as a cash balance of $37.5m.
The group said it had positive working capital of $40.7m, with total assets of $55.1m against total liabilities of $5.6m.