Structural Monitoring Systems Plc (ASX:SMN)

ALERT: Price-sensitive ASX Announcement for SMN

Current share price for SMN : $0.370 -0.12 (-24.49%)⁺

Announcement

Preliminary Final Report

Release

29 Aug 2025 9:01AM

Price at Release

$0.490

Full Release

Summary

Structural Monitoring Systems Plc's preliminary final report for the year ended 30 June 2025 highlights a profitable turnaround with a reported profit of $184,000 and total comprehensive income of $435,000. Revenue from sales reached $28.247 million, leading to a gross profit of $15.428 million. The company improved its earnings per share to 0.13 cents and increased net tangible assets to 10.59 cents per security. Net assets rose to $23.5 million, aided by reduced liabilities through significant borrowings repayment and capital raised from a share placement. Overall, the financials indicate a stronger fiscal position for the company.

Key Points

Structural Monitoring Systems Plc reported a profit of $184,000 for the year ending 30 June 2025.
The company's total comprehensive income for the year was $435,000, highlighting a positive shift from a previous loss.
Earnings per share improved to 0.13 cents from a loss of 0.77 cents per share in the prior year.
Revenue from sales amounted to $28.247 million, with a gross profit of $15.428 million.
Net tangible assets per ordinary security increased to 10.59 cents from 5.72 cents.
The company's net assets were valued at $23.5 million at the reporting date, an increase from $14.6 million in the previous year.
Cash flows from financing activities were supported by a share placement raising $8.7 million.
Total current liabilities were reduced significantly, mainly due to the repayment of borrowings.
The report includes a statement that financials have been prepared according to International Financial Reporting Standards.

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.