Australia · Delayed Price · Currency is AUD Matrix Composites & Engineering Earnings Call Transcripts
Fiscal Year 2026
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First-half revenue was AUD 26.9 million with an EBITDA loss due to project timing, but full-year revenue is expected to exceed AUD 80 million and return to profitability. Subsea remains the dominant segment, with strong pipelines in mining and defense supporting future growth.
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First-half revenue was impacted by project delays, but full-year revenue is expected to exceed AUD 80 million with a strong second half and positive EBITDA. Subsea remains the core segment, with growth in drilling, mining, and defense supporting future performance.
Fiscal Year 2025
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The AGM reviewed a year of strong SURF growth amid weaker drilling markets, with positive EBITDA but a net loss. Key resolutions on executive remuneration and options were voted on, with most carried except the remuneration report and placement capacity. Strategic focus remains on SURF, advanced materials, and defence, with a robust pipeline for FY 2026.
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FY 2025 saw revenue of AUD 74.8 million, driven by record subsea product sales but impacted by project timing and a muted drilling market. The outlook is positive, with a strong order book, growth expected in Advanced Materials, and steady performance from Corrosion Technologies.
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Revenue grew 47% year-over-year to AUD 39.4 million, driven by strong subsea demand and record SURF awards. Cash position improved to over AUD 19 million, with a robust pipeline and positive outlook, though project timing may shift revenue between periods.
Fiscal Year 2024
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Shareholders approved all resolutions, including director re-elections and executive incentives, amid strong financial growth driven by SURF and recurring revenue streams. Strategic focus remains on global expansion, diversification, and emerging markets like floating wind and defense.