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Structural Monitoring Systems Plc (ASX:SMN)

ALERT: Price-sensitive ASX Announcement for SMN
Current share price for SMN : $0.370 -0.03 (-7.50%)+
Announcement
Release
23 Jan 2026 8:24AM
Price at Release
$0.400
Full Release
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Summary
Structural Monitoring Systems Plc (SMS) reported its Quarterly Activities Report and Appendix 4C for the period ended 31 December 2025, detailing financial and operational highlights. The company achieved a profit after tax of $1.5 million for the first half of FY26, a significant turnaround from a $2.3 million loss in the prior year. EBITDA improved to $3.6 million compared to $0.4 million in the previous corresponding period. Revenue for the quarter was $8.4 million, marking a 40% year-on-year increase, and for the half-year, it was $16.5 million, up 31% from the prior year. The cash position improved to $4.6 million. Significant developments include the ongoing commercial adoption of CVM™ technology and strategic growth in avionics sales. The appointment of Neville Bassett AM as Non-Executive Chair was announced, and the company emphasized its continued focus on profitability and cash generation.
Key Points
  • 1HFY26 profit after tax of $1.5 million.
  • 1HFY26 EBITDA of $3.6 million.
  • Quarterly revenue of $8.4 million, up 40% year-on-year.
  • Half-year revenue of $16.5 million, up 31%.
  • Cash at bank of $4.6 million at quarter end.
  • Progression of CVM™ technology towards commercial adoption.
  • Appointment of Neville Bassett AM as Non-Executive Chair.
  • Continued operational execution and profitability.
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.