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Advanced Braking Technology Ltd (ASX:ABV)

ALERT: Price-sensitive ASX Announcement for ABV
Current share price for ABV : $0.130 0.025 (23.81%)+
Announcement
Release
30 Jul 2026 8:25AM
Price at Release
$0.105
Full Release
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Summary
Advanced Braking Technology Ltd reported a record performance for the quarter ended 30 June 2026, achieving a product sales revenue of $6.2 million, representing a 10.7% increase from the previous year. The company's total unaudited revenue for the fiscal year 2026 was $23.5 million, a 22.7% rise compared to 2025. ABT's normalized net profit before tax for Q4 FY26 was $652,000, up 81% year-on-year, with gross margins reaching a record 50.7%. The report highlighted the success of ABT in expanding its market presence internationally, particularly in the mining sectors of North America, Africa, and Asia-Pacific. The company's innovative braking solutions continue to gain traction, with significant advancements made in its BRAKEiQ technology. ABT enters FY27 in a strong position, supported by a solid cash balance of $5.63 million and a strategic focus on innovation and global expansion.
Key Points
  • Record product sales revenue of $6.2 million for Q4 FY26.
  • Total unaudited revenue for FY26 was $23.5 million.
  • Normalized net profit before tax for Q4 FY26 was $652,000.
  • Record gross margins of 50.7% achieved in Q4 FY26.
  • Significant advancements in BRAKEiQ technology.
  • Increased market engagement in North America, Africa, and Asia-Pacific.
  • Strong cash balance of $5.63 million as of 30 June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.