Saunders International Limited (ASX:SND)

Saunders International Limited's interim financial report for the half-year ended 31 December 2025 reflects a challenging period, with a net loss after tax of $4.152 million, compared to a profit of $5.036 million in the corresponding period of the previous year. The company reported a 13.7% increase in revenue to $143.557 million, largely attributed to the acquisition of Aqua Metro Pty Ltd, effective from 1 July 2025. Despite the revenue growth, increased costs, including materials, employee benefits, and depreciation, contributed to the negative financial outcome. The report indicates no interim dividend for the period, a reversal from the previous year's 2.00 cents per share interim dividend. Significant events included the issuance of ordinary shares for acquisition purposes and the integration of Aqua Metro's operations, which now form part of the Water segment, complementing Saunders' existing Multi-Sector operations. Leadership changes were also noted, with Angelo De Angelis appointed as Managing Director and CEO in September 2025, focusing on improving earnings resilience.