Laserbond Limited

ASX:LBL

Laserbond Limited

ASX:LBL
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$0.630 (+0.8%)
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Reports (8) My Report Forum Investors
Forum Topics LBL LBL AGM trading update

Pinned straw:
Slideup
Added 2 months ago

It looks like the positive 2nd half 2025 has continued into 2026 with this in todays AGM update-

Trading update

Our FY26 results to date reflect the strong momentum from the second half of FY25, with a robust order book extending into calendar 2026. The July to October period delivered revenues of $15.9 million and an NPBT (prior to our share of Gateway's profits) of $2.5 million.


So in the first 3 months of 2026 they have already achieved 70% of the 2nd half 2025 revenues and 90% of the NPAT.

The wording did imply that coming into the xmas period this rate will slow due to timing effects. Overall a pretty good indication that last years grow spend was a temporary hiccup rather than a structural change to lower profitability.

This AGM was in person only, if anyone attended can you give an indication of what the vibe was and your impression of the new CEO
PortfolioPlus
Added 2 months ago

For the first time in several years, results will match the hyperbole (hopefully).

I do like the fact that the Technology division is showing signs of vitality, as is its products division.

And service is chugging along nicely, too.

I'm thinking FY26 revenue $48m to $50m and NPAT around $6.4m.

Huge improvements in margins, but then again, Technology looks like it's weighing in big time.

I will owe Wayne a 'mea-culpa' if the much-discussed past spending on upgrading staff and efficiencies begins to pay off this year.

Just hope the new X-Clad product isn't going to suck us into the 'lower-margin' hole.



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PhilO
Added 2 months ago

Regarding X-clad; The worry I’ve had with cheaper product offerings generally, is the extent they cannibalise the main offering. Like they could end up with sales they wouldn’t have otherwise of had but lose other customers from the premium product, who take the cheaper option. If the Laserbond offering is a small cost relative to the price of the item that’s being fixed, it may not make sense to offer a cheap option at all. I need to understand the X-clad offering better to understand if this is the case here.

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mushroompanda
Added 2 months ago

Just a quick correction @Slideup: July to October (inclusive) is 4 months - this will meaningfully change your runrate calculation

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Slideup
Added 2 months ago

@mushroompanda oh year. I was mentally reading that as to start of october, but your right its 4 months not three. With the extra month included they will do an equivalent amount of revenue as 2nd H 2025 but NPAT should be equivalent to the full year 2025 result (3.8m) - assuming the rate stays similar for the next two months and I haven't added in in the 40% gateway component.

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