XRF Scientific has reported a record first half for December 2025, with revenue and profits rising on the back of strong mining demand and international expansion.
- Revenue up 9% to $31.3 million
- Profit before tax increased 8% to $7.5 million
- Operating cash inflow surged 44% to $6.4 million
- Precious Metals division posts record profit driven by high metal prices
- International sales growth accelerated by new India office
Strong Half-Year Performance
XRF Scientific Ltd has announced a record-breaking first half for the December 2025 period, with revenue climbing 9% to $31.3 million and profit before tax rising 8% to $7.5 million. The company’s net profit after tax also increased by 5% to $5.3 million, while operating cash inflow surged an impressive 44% to $6.4 million, signalling robust operational health.
Managing Director Vance Stazzonelli highlighted the strong demand from mining and industrial customers as a key driver behind these results. International sales, a strategic focus for XRF, continued to expand, supported by the establishment of a new office in India. This move is expected to further accelerate global growth, particularly across Asia.
Division Highlights and Market Dynamics
The company’s Consumables division generated a profit before tax of $3.0 million from $8.4 million in revenue, buoyed by sustained demand from the mining sector and growth in Asian markets. Although some customers reduced volumes due to export order timing, incoming orders for the second half are strong.
The Precious Metals division delivered an outstanding performance, posting a record profit before tax of $2.5 million on $12.6 million revenue. This was largely driven by expanded margins amid elevated prices for platinum and other minor metals. However, volatility in platinum prices temporarily affected new product orders in the December quarter, with expectations that this will stabilise moving forward.
Capital Equipment also contributed solidly, with $2.2 million profit before tax from $12.1 million revenue. Notably, the Orbis product line saw increased sales, primarily in the gold sector, and two new products were launched during the half. The xrTGA product is gaining traction, securing repeat orders from major global companies, indicating growing market acceptance.
Looking Ahead
Looking forward, XRF Scientific anticipates a positive second half driven by continued international sales growth, new product releases, and potential mergers and acquisitions. The board has maintained its policy of paying one dividend annually, to be determined after the full-year results.
With a diverse global footprint spanning Australia, Europe, Canada, India, and a network of distributors across multiple continents, XRF is well positioned to capitalise on ongoing demand in mining and industrial sectors. The company’s technology remains integral to quality control and process optimisation in these industries, underpinning its steady growth trajectory.
Bottom Line?
XRF’s strong half-year sets the stage for further international expansion and innovation-driven growth.
Questions in the middle?
- How will platinum price volatility impact Precious Metals division performance in the second half?
- What specific M&A opportunities is XRF targeting to accelerate growth?
- How quickly will the new India office translate into measurable international sales gains?