XRF Scientific (XRF) H2 2024 earnings summary

Executive summary

• Achieved record full-year results with revenue up 9% to $60.1m and net profit after tax up 16% to $8.9m compared to the prior year.

• Strong international sales growth in Europe, Asia, and the Americas, driven primarily by mining sector demand.

Financial highlights

• June Q4 revenue reached $16.2m with profit before tax of $3.3m.

• Final fully franked dividend of 3.9 cents per share, up 18% year-over-year, with a payout ratio of 61%.

• Dividend reinvestment plan available with a 2.5% discount.

Outlook and guidance

• Continued strong sales of consumables expected into early FY25.

• Orbis Mining, now fully owned, anticipated to grow market share and expand product range.

• New capital equipment products planned for release through FY25.