Definitely not "created" or "called". Nothing really has changed from when I wrote and now. Real test would be the result and more importantly commentary around FY26. All this gain can easily disappear in 1 min, if that doesn't match market's expectation.

So true @Valueinvestor0909!

Now this seems like an inflection point

Nice! NPBT growth of 19% compared with pcp with revenue in line with guidance means a solid gross margin uplift.

Agree! At last some positive news! Good to see Products Division kick along. And now to start materializing the potential of the Tech Div. Hopefully the continued performance of the Services Division suggests that the very conservative Aussie Supply Managers are taking a punt on our new approach to maintenance. Wayne, if you are reading this, please give us some insight into the conversion rates of the sale force in this regard and are we seeing the industry decision makers change their views on the LaerBond product range v traditional maintenance options?

It looks like analyst consensus for Laserbond might be close? Any thoughts?

Source: Simply Wall Street

@Shapeshifter Rough update to my model to make the PBT beat work on mid-point revenue I have a record 55% gross margin. Maybe some opex has been taken out or Gateway outsized contribution with a share of profits but my initial takeaway is the same as yours, I think we have a substantial recovery in gross margins here.