Advanced Braking Technology Ltd reported a robust 27.2% revenue increase and a 61.6% rise in net profit for H1 2026, driven by strong international sales and progress in autonomous braking technology.
- 27.2% revenue growth to $11.058 million
- 61.6% increase in net profit after tax to $538,000
- International sales up over 29%, led by Canada, Mongolia, and Europe
- Deployment of SIBS1 Failsafe braking system at major mining sites
- Advancement of autonomous braking tech with SIBSiQ and BRAKEiQ
Strong Financial Performance Amid Global Expansion
Advanced Braking Technology Ltd (ASX: ABV) has delivered a compelling first half for the 2026 financial year, posting a 27.2% increase in revenue to $11.058 million and a 61.6% surge in net profit after tax to $538,000. This growth reflects the company’s successful strategy of expanding its global footprint and deepening customer engagement, particularly in the mining sector.
Domestic and international sales both showed impressive gains, with international revenue climbing nearly 30%. Key offshore markets such as Canada, Mongolia, and Europe contributed significantly, buoyed by elevated gold and copper prices that have stimulated mining investment and operational activity.
Innovation Driving Market Leadership
At the heart of ABT’s momentum is its innovative braking technology portfolio. The company has advanced deployment of its SIBS1 Failsafe wet sealed braking system, notably securing installations at Rio Tinto’s Oyu Tolgoi copper mine in Mongolia and MMG’s Dugald River zinc mine in Queensland. These contracts underscore ABT’s reputation for delivering durable, zero-emission braking solutions tailored for the harshest industrial environments.
Beyond traditional braking systems, ABT is making significant strides in autonomous vehicle safety. The development of the SIBSiQ autonomous braking system and BRAKEiQ collision avoidance technology is progressing well, with BRAKEiQ expected to achieve Level 9 collision avoidance compliance accreditation from the University of Pretoria in South Africa by the second half of FY26. This accreditation is critical as South Africa leads global standards for autonomous mining vehicle safety.
Operational Efficiency and Financial Health
ABT’s financials reveal positive operational leverage, with operating expenses growing at a slower rate than revenue. The company maintained a strong gross margin of 48.7%, reflecting effective cost management amid scaling operations. Cash reserves rose 44.1% to $4.143 million, bolstering the balance sheet and supporting ongoing investment in research, development, and market expansion.
Notably, ABT extended its exclusive global distribution agreement through to the end of 2028, reinforcing its commitment to international growth and product development. The company also granted performance rights to key executives, aligning leadership incentives with ambitious earnings and shareholder return targets.
Outlook: Positioned for Continued Growth
Looking ahead, ABT is well positioned to capitalise on structural trends in underground mining, where resource discoveries are becoming scarcer and deposits more challenging to access. The industry’s increasing adoption of automation, robotics, and AI aligns closely with ABT’s technology roadmap, particularly its autonomous braking solutions designed to enhance safety and productivity.
With strong momentum, disciplined cost control, and a robust balance sheet, Advanced Braking Technology is set to sustain its growth trajectory across domestic and international markets throughout FY26 and beyond.
Bottom Line?
ABT’s blend of innovation and international expansion sets the stage for a transformative year in mining safety technology.
Questions in the middle?
- How will the pending Level 9 collision avoidance accreditation impact ABT’s autonomous braking sales?
- What are the risks and timelines associated with scaling autonomous braking technologies globally?
- How might fluctuations in commodity prices affect ABT’s mining sector demand and revenue growth?