New Zealand · Delayed Price · Currency is NZD Rakon Earnings Call Transcripts
Fiscal Year 2026
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H1 FY2026 saw 30% revenue growth, 11-point margin uplift, and 149% higher EBITDA, with all segments expanding. Aerospace and Defence, Telecom, and AI/Data Centres drove results, and full-year guidance remains strong with further margin gains expected from Indian production scaling.
Fiscal Year 2025
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The meeting addressed strong financial recovery, strategic growth in AI, aerospace, and defense, and significant board changes amid governance disputes. Shareholders discussed R&D investment, market expansion, and director independence, with key resolutions on board composition and minority voting rights.
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FY 2025 saw a challenging first half but a strong second-half recovery, with record aerospace and defense revenue, stabilizing telco, and cost reductions driving underlying EBITDA to NZD 9.5 million. FY 2026 is set for growth, led by space, AI, and telco momentum.
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Revenue fell 32% year-over-year due to weak telecom and positioning demand, but aerospace and defense grew 10% with a 67% margin. Strategic cost reductions and investments in space and AI position the company for recovery and long-term growth.
Fiscal Year 2024
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The meeting highlighted strong growth in space and AI segments, offset by a downturn in telecom and positioning markets. No dividend was declared due to lower profits and takeover costs. Strategic focus remains on diversification, operational efficiency, and scaling manufacturing in India.