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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 (0%)+
Announcement
Release
24 Apr 2026 8:20AM
Price at Release
$0.370
Full Release
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Summary
Structural Monitoring Systems Plc (SMS) reported a strong financial performance for the third quarter ending March 31, 2026. The company achieved a free cash flow of $1.4 million, a significant increase compared to previous periods. The avionics segment performed well, with a revenue increase driven by strong sales of digital audio systems and new product launches such as the MTP138 radio. The company repaid its C$0.8 million term loan, making it debt-free. However, the net profit after tax decreased by 18% compared to the previous corresponding period, although it showed a 203% increase year-to-date. SMS is also progressing with the FAA and Boeing on CVM™ structural monitoring technology certifications, expecting to advance commercial agreements with Boeing 737NG operators post-approval. Overall, SMS demonstrates a disciplined operating model with positive cash generation and strategic growth in avionics.
Key Points
  • Q3 free cash flow of $1.4 million, up 55% on pcp, up 917% ytd.
  • Repayment of Bank of Canada term loan, Group now debt-free.
  • Avionics revenue increased by 5% in Q3, 43% ytd.
  • Net profit after tax (NPAT) decreased by 18% in Q3, increased by 203% ytd.
  • Launch of MTP138 radio to support international growth strategy.
  • Progress on CVM™ technology with FAA and Boeing certifications.
  • Continued investment in product pipeline and operational capability.
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.