Another excellent quarterly activities report from Advanced Breaking Technology, a business which seems to have a lot of positive momentum.

Their sales revenue for Q2FY26 was $5.6m up 34% on pcp and NPBT was $0.35m up 191% as they continue to leverage into profitability. Of note to me is the administration and corporate costs decreased this quarter compared with last quarter by 16%.

New brake revenue increase by 52% verses pcp which is a good leading indicator for spares and consumables (spares and consumables were 45% of revenue in FY25).

Cash and cash equivalents was $4.14m for Q2FY26 up 44% verses FY25 end and up 76% on pcp.

ABV clearly have a product that is generating sales interest and a capable management steering the business.

Happy to hold this one.