ABT Accelerates Growth with 21% Revenue Boost and Autonomous Brake Advances

Robust Financial Performance

Advanced Braking Technology Ltd (ASX – ABV) has reported a strong start to FY26, with product sales revenue reaching $5.3 million in the first quarter, marking a 21% increase compared to the same period last year. This growth was complemented by a 66% rise in net profit before tax (NPBT), which climbed to $0.35 million, reflecting improved operating leverage and disciplined cost management.

The company also achieved a notable gross margin of 49.1%, up 4 percentage points year-on-year, signaling enhanced profitability across its product lines. These results underscore ABT’s ability to convert strategic initiatives into tangible financial outcomes.

International Expansion and Market Demand

ABT’s growth was broad-based, driven by both new sales and aftermarket revenue streams. The company’s proactive engagement with a blue-chip customer base has paid dividends, particularly in key overseas markets such as Canada, Mongolia, and Europe. High commodity prices, especially for gold and copper, have fueled operational demand and investment appetite, benefiting ABT’s braking system sales.

A highlight of the quarter was the deployment of ABT’s Sealed Integrated Braking System (SIBS) failsafe solutions on JCB Telehandlers at Rio Tinto’s Oyu Tolgoi copper mine in Mongolia. This installation not only expands ABT’s footprint at one of the world’s largest copper deposits but also showcases the company’s capability to meet stringent safety and operational requirements in challenging environments.

Innovation in Autonomous Braking Technology

On the technology front, ABT advanced development of its autonomous braking systems. The SIBSiQ project, which integrates the CAS9 Collision Avoidance System capable of autonomously overriding human operators in emergencies, progressed well during the quarter. Additionally, market channel development for BRAKEiQ, ABT’s exclusive autonomous braking system, continued to gain momentum.

These innovations position ABT at the forefront of safety technology in industrial vehicles, aligning with broader industry trends toward automation and enhanced operational safety.

Financial Position and Outlook

ABT ended the quarter with cash and cash equivalents of $2.99 million, a 4% increase from the previous quarter and a 72% rise compared to the prior year. The company maintains $1.5 million in unused credit standby facilities, providing financial flexibility. While the receipt of the Research and Development Tax Incentive (RDTI) has been deferred to FY26 due to tax return timing, ABT’s cash position remains solid.

CEO Andrew Booth expressed confidence in the company’s trajectory, highlighting the successful conversion of strategic initiatives into robust financial performance and the ongoing expansion of ABT’s international install base.