XRF Scientific delivers record FY26 result with revenue up 8% to $64.4m
XRF Scientific reported a record full-year result for FY26, the year ended June 2026, with revenue climbing 8% to $64.4m from $59.5m the prior year. Adjusted Profit Before Tax rose 10% to $16.1m from $14.6m, while Statutory Profit Before Tax lifted 5% to $15.4m.
The Board declared a final fully franked dividend of 4.5 cents per share. The result reflected broad-based growth across the group, underpinned by strong mining and industrial demand alongside continued international expansion.
The adjusted figure excludes $0.69m in acquisition costs and setup and startup costs associated with two new international offices for FY26.
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FY26 headline results at a glance
The table below summarises the group’s full-year and June quarter (Q4 FY26) performance.
| Metric | FY26 | FY25 | Change | Q4 FY26 |
|---|---|---|---|---|
| Revenue | $64.4m | $59.5m | +8% | $17.2m |
| Adjusted PBT | $16.1m | $14.6m | +10% | $4.7m |
| Statutory PBT | $15.4m | $14.6m | +5% | – |
| Operating cash inflow | $11.4m | – | – | – |
Record June quarter caps the year
The June 2026 quarter marked a record result, with revenue of $17.2m and adjusted profit before tax of $4.7m. The company attributed the strong finish to robust consumable and Orbis crusher sales, along with continued growth in international sales.
Divisional performance drove the result
Each of the group’s three divisions contributed to the record outcome, with Capital Equipment and Precious Metals cited as the main drivers.
Capital Equipment — record $5.3m PBT
The Capital Equipment division delivered a record profit before tax of $5.3m from revenue of $26.3m. Orbis was a strong contributor, with revenue up 26% to $8.9m, while xrTGA sales reached $1m for the first time, which the company expects to grow into a material contributor for the division.
The manufacturing and engineering handover for the CGA acquisition is progressing well, with instrument sales expected to commence in 1H27 as planned. The division is positioned for growth in FY27 through Orbis, xrTGA and the new CGA product line.
The CGA acquisition was completed for USD $4m in cash from existing reserves, with the Bruker Combustion Gas Analysis business generating USD $5.3m in unaudited 2025 revenue across instruments, spare parts and servicing before transferring production to XRF’s Perth factory.
Precious Metals — record $4.5m PBT
The Precious Metals division recorded revenue of $24.6m and a record profit before tax of $4.5m. Demand for recycling platinum products continued strongly throughout the year.
Higher platinum prices reduced demand for new products in Q2 and Q3, though the company noted a notable improvement in demand since Q4.
Consumables — stronger second half
The Consumables division generated profit before tax of $6.8m from revenue of $18.1m. Following a pickup in international sales, the second half was considerably stronger, with PBT of $3.8m achieved versus $3.0m in the first half.
Demand from the mining sector was robust, with Asia continuing as a key growth market. Consumable sales have started strongly in FY27, driven by orders from international customers.
The India office expansion, announced in early 2026, transitioned XRF from a seven-year distributor relationship to direct operations, positioning the group to capture improved margins and a multi-year upgrade cycle as the market shifts from pressed pellet to lithium borate fusion methods.
What XRF Scientific does — and why it matters
XRF Scientific manufactures equipment and chemicals used to prepare and analyse the composition and purity of materials. Its technology supports industrial quality control and process control across sectors including metals and mining, construction materials, chemicals and petrochemicals.
The company serves a blue-chip customer base that includes BHP Billiton, Rio Tinto, Vale, Glencore, Bureau Veritas and ALS. It operates manufacturing, sales and support facilities across Perth, Melbourne, Europe, the USA, Canada and India, supported by a global network of distributors.
Dividend and capital allocation
The Board declared a final fully franked dividend, with the following details:
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Final fully franked dividend of 4.5 cents per share
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Payout ratio of 61% of net profit after tax
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Dividend reinvestment plan (DRP) available via Automic Group with a 2.5% discount
The dividend was maintained at the same payout ratio as last year, allowing the company to retain cash for what management described as numerous growth opportunities.
Growth outlook for FY27
Management outlined a strategic roadmap centred on the following growth drivers:
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Three newer product lines — Orbis, xrTGA and CGA — each capable of making material contributions to future growth
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CGA instrument sales expected to commence in 1H27
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At least six new machines under development
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Continued international expansion via the new international offices
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Ongoing review of complementary acquisition opportunities
Management commentary
Managing Director Vance Stazzonelli commented on the full-year result and the record June quarter.
Vance Stazzonelli, Managing Director
“During the year we saw strong demand from our mining and industrial customers, with international sales continuing to grow. International sales growth remains a key focus, which is expected to accelerate through initiatives such as the new international offices and CGA acquisition. The Precious Metals and Capital Equipment divisions both performed strongly and were the main contributors to the increased results. The June 2026 quarter was a record result with revenue of $17.2m and adjusted profit before tax of $4.7m.”
The record FY26 outcome leaves the group carrying momentum into FY27, supported by its newer product lines, an expanding international footprint and a pipeline of new machines under development.
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