Good morning and welcome to the CAP-XX Limited Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. In today's meeting, the company will not be addressing questions. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO Lars Stegmann. Good morning, to you sir.
Thank you, Alex. Great to see the audience. Good morning, dear shareholders, good morning, dear ladies and gentlemen. My name is Lars Stegmann. I'm the CEO of CAP-XX. Welcome to our interim results first half to fiscal year 2026. Welcome also, good evening, to Anthony Guarna, our Interim CFO. He will join us today out of Sydney, this meeting. I have no control about my. To guide you quickly through the content, we will start with the revenue highlights, as promised, to give you a product update on the product lines, a snapshot on our distribution network, our new products, the applications, the market we are into, as well as a real-time data snapshot about our figures. Before I hand over to Anthony, who guides you through all our financial highlights, and then I take it back and summarize our presentation, for today.
Coming with the financial highlights, as you see, we're on the right path. We grow again. We did it, +9% in revenue. We grow in bookings even stronger, +31%, and increase our backlog in this period of time, +132%. So remember, the booking and the backlog will be the future revenue. The new CAP-XX, since I started in 2023, has grown with more than 60% in revenue. We had been able, in the same time period to reduce the loss, to improve these by 40%. End of December 2025, we had AUD 2.5 million cash on hand. Additional, debtors exceed creditors AUD 300,000. As promised, in October 2025, we update our product line. As you see now on the right-hand side, you see the new SMT family and as well a new product line, which is called Module.
As a snapshot on our distribution landscape, very often we got the question, "What is a master distributor?" To answer this first, a master distributor only serves distributions. They don't have any contacts to our OEM or our direct customer for design-in, so their main business is to support our distribution network. In this case, company Waldom is our master distributor. They place their order in bulks to make sure that the product's available to serve to the market. They drive their own logistic and storage center out of the region. They're able to support the distributor landscape, like you see in our pyramid on the right-hand graphics. They have their own sales and technical support to help our distributors to win new projects, to serve their customers on demand. All this helps CAP-XX to enter a new market and enter and find new distribution, distributors, worldwide.
To give you another snapshot, I would like to highlight Digi-Key. Now online, you see they show 40 products from CAP-XX active, launched, available in, on their website. These parts are physical, physically available in the U.S., so ready to ship, ready on the demand of the market. On the right-hand side, again, Waldom, just to show that they have and serve 42 products in their webshop. And more important, they have it on the Green Stock, which underlines that our product is environmentally ready, ready, and ready to replace any kind of battery systems. As mentioned before, our partnership, our strong partnership, with the Switzerland company SCHURTER. And remember, they operate in more than 14 different countries on a global base. This gives us access to their customer base, which are more than 100,000 active customers. And they serve it with more than 200 sales guys on the road. These 200 sales guys, it's a massive support for CAP-XX.
And also remember, SCHURTER sales is CAP-XX sales. It's not a license fee, so we don't have any competition in the market. We produce these parts as CAP-XX. We print labels for SCHURTER and ship them through SCHURTER to the customers. So all on these, it's a well-established system. And together we will build a strong sales pipeline in the market. On the right-hand side, you see the latest marketing activities from SCHURTER. They show the complete solution for medical and laboratory diagnostics devices. And as you can see in the green circle , they highlighted the supercapacitor there as well. You very often hear the name SMT as on our production product line card. SMT stands for Surface Mount Technology. And our current product, our current prismatic supercapacitor, is already SMT, as a soldering process.
In this case, hand soldering or semi-automatic. The new SMT product is ready for pick and place and runs through the reflow oven soldering press and process in the fully automatic line. With this new product, we are able to meet the demand for high production, for high volume at our customers. This production is scalable and expandable, in any case of needed. And further, it allows us to for further expansion to avoid any geopolitical tariffs in the future. The first fully automatic production line will be started in Seven Hills in Australia. So as I told you in October 2025, the first negotiations started. The further visits with our suppliers are done. So we are in our timeline at the moment.
And of course, very often we get the question about further patents. This is underway until we get the final results. We will continue to apply for further patents here and keep you informed as well. As you saw, as a new product line as a module, this module allows us and is ready for any industrial application. So now we are able to targeting grid stabilization as well as data centers. Remember, the artificial intelligence is very energy-hungry, so this kind of technology has a high request. So with these kind of modules, we are ready to replace any kind of battery system in the industrial production lines. Our modules are more reliable and more important for further costs as service-free. Battery is not service-free. So this kind of leads us to the market sector we are in. We continue with the handheld devices, of course, industrial IoT as well as healthcare.
New, as I told you last year, is the aerospace and defense market. We are here in the approval process for several applications. In addition, now with the modules, we are able to enter in the energy supply market as well as to serve data centers on their demand. So all these kind of different markets help us to balance our risk and may build a solid sales pipeline. So it's not a single product, not a single market. We are able to serve both the high-end and the commodity market to reduce our risk in production.
Very often you hear our new system, which we had successfully implemented in a very short time. And here this is a snapshot where you can see that months by months we exceed better than in the former half-year 2025. On the right-hand side, you see the graphs, the cumulative figures based on bookings and billings. So on the green graph is the actual graph from first half fiscal year 2026. And you see the nice spike in December, which was really rocketing high.
Now I would like to hand over to my colleague, Anthony. And Anthony will guide you through the financial highlights. Anthony, over to you.
Thank you, Lars. Likewise, everyone, I'd like to welcome you to this CAP-XX investor presentation. My name is Tony Guarna. As some of you may recall, back in June 2025, I was appointed the Interim CFO of CAP-XX. I've learned a lot about CAP-XX. It's people. It's technology. I feel honored to be part of this innovative company. Today, I will present to you some of the financial highlights from the half-yearly results from ending 31 December 2025, which have been released today. Just move that slide. Okay, on the screen, you will see some of the key metrics extracted from those half-yearly financials.
Let's begin with revenue. CAP-XX, like the entire global industry, has gone through a difficult time over the last few years. Pleasing, you will see from the top chart that CAP-XX revenue continues to be on the increase. That chart shows that over the past 3.5 years, revenue has progressively increased. At the 30 June 2025 annual report presentation, I reported that CAP-XX revenues had increased by 7.6% over FY 2024. In the last six months, revenues have increased by further 9%. We are delighted to see the positive increase in the top line when many others, many other companies across the industry, have had a flat or reduced top line. We are delighted. The bottom chart illustrates what's been happening to the CAP-XX loss. It's on a downward trajectory. This reduced loss stems from our implemented cost controls activities and company-wide transformation, which have now both begun to bear fruit.
Our reported loss and EBITDA are significantly reduced compared to the previous periods. This is a significant result. While FY 2025 was our operational transformational year where we strove toward manufacturing excellence, implemented key critical software to oversee manufacturing drive profitability and provide real-time data, it is now that those transformation activities are starting to show results. With continued refinement of those activities, our EBITDA loss and net loss continue to improve. Revenue is positively heading upward while our costs are reducing, resulting in a downward trend for our losses. Both of these key financials are trending in the right direction. There is more to come. At the end of December, we had AUD 2.9 million in cash, no debt, and our systems are ready.
Now let's have a look at revenue. This slide shows that our global revenue profile from 2023 to this current year and our gradual shift from heavy European reliance to now in FY 2025, where you'll note a more even balance between APAC and European revenue. Revenue from the Americas has also increased this year. In FY 2025, we made a number of RNS announcements regarding our strengthening distributor relationships, the upside of which will flow into this current financial year and beyond. With seven months now completed in this financial year 2026, I'm pleased to share that our bookings have increased by 22.3% over the same period in FY 2025. Billings are already up 4.2%. Additionally, we have a further backlog of AUD 2.8 million.
The pie chart on the bottom right-hand side of the screen illustrates that sales into Europe have picked up this year. I like this slide as it shows that CAP-XX is doing the right thing. If you have a look at the orange bars, you will see that they have increased period on period over the last 3.5 years. That's revenue. It's going up. Perfect. The blue bars indicate that CAP-XX's loss and it's generally been reducing. Just this last six months, revenue has increased by 9% and our net loss decreased by 9%. These two critical financial metrics are trending in the right direction. We are heading towards a positive cash flow. The board and management of CAP-XX are feeling very confident about our financial direction. This brings me to the first half of FY 2026 cash bridge slide, which shows improved cash stewardship.
Our net operating outflows have reduced compared to the first half of FY 2025, largely due to the receipt of the R&D tax refund. But even if you factor this out, comparatively, our net cash outlay, given the large payments that were made in July 2025, has improved. At the end of December 2025, we had $2.9 million in cash.
Thank you, everyone. With that, I'd like to pass you back to Lars to summarize and close.
Thank you, Tony. Great summary. Let me summarize these results a little bit, this presentation. So as Tony mentioned, the total revenue with AUD 2.5 million is an increase of +9%. The bookings with AUD 3.4 million is an increase year-over-year by +31%. The billings have an increase year-over-year by +14%. So the backlog has an increase year-over-year with a +132%. This is a great achievement and gives us future revenue very soon. Loss before tax has improved by 9%. The EBITDA loss has also improved by 7%. So cash on hand end of the month, calendar year 2025, was AUD 2.9 million. Debtors exceed creditors by an additional AUD 300,000. Just to remind you, the company is debt-free. In the morning, I got a couple of emails which asked me about our legal cases.
And just also here a reminder, we close all legal cases in fiscal year 2024. So no debt, no legal cases open. Transformation is not done overnight. It's clear. So we are on a good progress in new CAP-XX. We show you the improved warehouse management system. And just to remind and answer also here some questions, the warehouse management system is not a demand. It is that growth changed the game also for CAP-XX. And without any financial visibilities, you are making big decisions blind. And we are on this on the right way. So this new how new warehouse management system, this new software increased the transparency in CAP-XX. It's an ongoing improvement in our operation, which helps us to increase our efficiency on the floor. Our strong partnership, I mentioned before, gives CAP-XX a stronger visibility and a stronger voice in the market of the electronic components.
All of these growth, despite a challenging market we are at the moment, are all in CAP-XX shows that we are on the right path. So all in all, in summary, it's a strong start in fiscal year 2026. We are really looking for the second half, will be very successful. Please let me take this opportunity to thank you very much for joining this call. We appreciate your time. Thank you.
That's great, Lars. Anthony, thank you very much indeed for updating investors today. Could I please ask investors not to close this session as you will now be automatically redirected to provide your feedback in order that the board can better understand your views and expectations? This will only take a few moments to complete, and I'm sure it will be greatly valued by the company.
On behalf of the management team of CAP-XX Limited, we would like to thank you for attending today's meeting. Good morning to you all.