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Structural Monitoring Systems Plc (ASX:SMN)

ALERT: Price-sensitive ASX Announcement for SMN
Current share price for SMN : $0.375 -0.04 (-9.64%)+
Announcement
Release
31 Jul 2026 8:20AM
Price at Release
$0.415
Full Release
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Summary
Structural Monitoring Systems Plc (SMS) has released its June 2026 Quarterly Activities Report, highlighting a strong year of financial growth and strategic advancements. The company reported record revenue of approximately $32.5 million for FY26, reflecting a 16% increase from FY25, and a net profit after tax of $1.2 million. FY26 saw a 40% increase in avionics revenue, driven by digital audio systems and radio sales. SMS also progressed its CVM™ smart sensor technology, working closely with Boeing and Airbus for future applications. The company strengthened its financial position by repaying all bank debt and achieving free cash flow of $5.1 million. With a robust balance sheet and strategic investments in avionics and CVM technology, SMS is well-positioned for continued growth and value creation for its shareholders.
Key Points
  • Record revenue of $32.5 million, a 16% increase from FY25
  • Net profit after tax of $1.2 million, compared to $0.2 million in FY25
  • 40% increase in avionics revenue driven by digital audio systems and radio sales
  • Progress in CVM™ smart sensor technology with Boeing and Airbus
  • All bank debt repaid, achieving free cash flow of $5.1 million
  • Strong balance sheet supports strategic investments in avionics and CVM technology
  • Continued focus on creating long-term shareholder value
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.