Global Invacom narrows FY2025 net loss to US$2.2m on stronger 2H margin rebound, swings to US$2.3m profit in 2H and skips dividend
Summary:
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Full-year revenue from continuing operations fell 12.1% to US$30.4 million, but gross profit edged up 2.5% to US$14.1 million as the Group shifted mix towards newer, higher-margin products and tightened cost control.
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FY2025 net loss narrowed sharply to US$2.2 million from US$8.4 million in FY2024, with 2H FY2025 delivering a profit before tax of US$1.7 million and net profit of US$2.3 million versus a loss in the prior-year period.
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Net operating cash outflow improved to US$0.9 million from US$1.6 million, while cash and cash equivalents declined to US$3.8 million and net asset value per share slipped to 8.37 US cents from 9.02 US cents.
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The balance sheet remains modestly leveraged, with total borrowings of about US$0.9 million (including a new £500,000 secured term loan) against total assets of US$31.6 million and equity of US$22.7 million.
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No dividend was declared for FY2025 as the Board prioritises liquidity and investment in product innovation, citing a still-challenging satellite communications market despite early signs of recovery and new growth opportunities in LEO-driven connectivity.