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