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XRF Scientific Limited (ASX:XRF)

ALERT: Price-sensitive ASX Announcement for XRF
Current share price for XRF : $1.785 -0.375 (-17.36%)+
Announcement
Release
19 Aug 2025 9:32AM
Price at Release
$2.160
Full Release
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Summary
XRF Scientific Limited announced its financial and operational results for the full year ending 30 June 2022, highlighting a record performance across key metrics. The company reported record revenues of $55.1 million, a 35% increase over the prior year, and a record net profit after tax of $8.6 million, marking a 61% improvement from the previous year. The company attributed this strong performance to robust demand in the mining and minerals sector, organic growth in all divisions, and successful integration of recent acquisitions. XRF maintained a strong balance sheet with $11.5 million in cash and no debt, allowing it to continue its dividend growth and fund further investments. The company’s products, including laboratory equipment, chemicals, and precious metal products, continued to show strong demand globally. The outlook for the coming year remains positive, with the company expecting to benefit from ongoing investments in mining, exploration, and technology-driven laboratory solutions.
Key Points
  • XRF Scientific Limited posted record full-year results for the period ending 30 June 2022.
  • Full-year revenue was $55.1 million, a 35% increase over the prior year.
  • Net profit after tax reached $8.6 million, representing a 61% increase.
  • Strong demand in the mining and minerals sector drove growth.
  • All business divisions achieved organic growth.
  • Recent acquisitions were successfully integrated and contributed to results.
  • Cash balance stood at $11.5 million with no debt at the end of the period.
  • Dividends increased to reflect improved financial performance.
  • Strong global demand for laboratory equipment, chemicals, and precious metals.
  • Positive outlook for continued growth in the next financial year.
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.