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WestStar Industrial Limited (ASX:WSI)

ALERT: Price-sensitive ASX Announcement for WSI
Current share price for WSI : $0.061 0 (0%)+
Announcement
Release
29 Aug 2025 4:46PM
Price at Release
$0.061
Full Release
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Summary
The preliminary final report of WestStar Industrial Limited for the financial year ending 30 June 2025 details a significant decrease in revenue compared to 2024, with construction and engineering services revenue dropping from $205.6 million to $130.8 million. The report indicates a net operating loss after tax of $3.4 million despite a tax benefit of $1.2 million. WestStar's assets and liabilities have also decreased, with net assets standing at $27.8 million as of 30 June 2025. The company's segments include SIMPEC, Alltype Engineering, and Watmar Engineering, each serving distinct sectors. The year also saw a reduction in contract liabilities and significant changes in the composition of assets and liabilities, including a decrease in trade receivables and payables. A tax incentive application for research and development was lodged, potentially yielding $3.1 million against future taxable income.
Key Points
  • Revenue for 2025 was $130.8 million, down from $205.6 million in 2024.
  • Net operating loss after tax for 2025 was $3.4 million.
  • WestStar Industrial operates through SIMPEC, Alltype Engineering, and Watmar Engineering.
  • Net assets as of 30 June 2025 were $27.8 million.
  • A research and development tax incentive application was lodged, potentially providing $3.1 million.
  • Significant decrease in trade receivables and payables.
  • Contract liabilities were reduced in 2025.
  • Total comprehensive loss for the year was $3.4 million.
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.