AIH Posts 16% Revenue Growth and 50% EBITDA Surge in FY25
Advanced Innergy Holdings Ltd (AIH) has reported FY25 unaudited proforma results that exceed its Prospectus forecasts, driven by strong demand in offshore wind and battery sectors. The recent acquisition of Ovun is integrating smoothly, with FY26 guidance reaffirmed.
- FY25 revenue of $335.5 million, 16% growth year-on-year
- EBITDA up 50.1% to $59.0 million, beating forecasts by 4.5%
- NPAT more than doubled to $25.8 million, exceeding Prospectus by 5.4%
- Ovun acquisition completed in September 2025, integration progressing well
- FY26 guidance reconfirmed with $387.9 million revenue and $62.3 million EBITDA
Strong FY25 Performance Exceeds Expectations
Advanced Innergy Holdings Ltd (ASX, AIH), a global leader in advanced materials science, has released its unaudited proforma financial results for the fiscal year ending 30 September 2025. The company reported revenue of $335.5 million, a 16% increase compared to the prior year and slightly above the Prospectus forecast by 0.4%. EBITDA surged by 50.1% to $59.0 million, outperforming expectations by 4.5%, while net profit after tax (NPAT) more than doubled to $25.8 million, beating forecasts by 5.4%.
This robust growth was primarily driven by increased demand in offshore wind projects and battery testing and protection services, reflecting AIH’s strong positioning in energy transition markets. The company’s earnings per share also rose significantly to 6.1 cents, up 134.5% from the previous year.
Ovun Acquisition Integration Progresses
AIH completed the acquisition of UK-based Ovun on 12 September 2025, a strategic move to expand its global footprint and product capabilities. While Ovun contributed only 19 days of revenue in FY25, the integration process is reported to be progressing well. Ovun’s revenue was slightly below Prospectus forecasts due to contract timing, but its gross profit margin and expenses aligned with expectations.
The acquisition is expected to enhance AIH’s market consolidation and technical capabilities, particularly in underserved geographies such as the Asia-Pacific region.
Confident Outlook for FY26 and Beyond
Looking ahead, AIH has reconfirmed its FY26 guidance with underlying revenue forecast at $387.9 million and EBITDA at $62.3 million. The company’s confidence is underpinned by a substantial $2.4 billion pipeline of fixed-price project opportunities and an order book of approximately $220 million, representing 57% of the FY26 revenue forecast.
AIH continues to focus on organic growth supported by repeat business and long-term customer relationships, alongside targeted acquisitions to accelerate expansion. The company is also advancing product development in emerging markets, including electric vehicle battery protection and digitised subsea ancillaries for defense applications.
CEO Andrew Bennion highlighted the milestone year marked by the IPO and Ovun acquisition, emphasizing AIH’s clear growth strategy and strong market fundamentals.
Bottom Line?
AIH’s strong FY25 results and smooth Ovun integration set the stage for ambitious growth in FY26, but investors will watch closely how pipeline opportunities convert into revenue.
Questions in the middle?
- How will Ovun’s full-year contribution impact AIH’s FY26 financials?
- What are the risks around contract phasing and revenue timing in the current order book?
- Which acquisition targets is AIH pursuing to complement its growth strategy?
