7th Nov 2025 13:58
(Alliance News) - Cap-XX Ltd on Friday said full-year revenue rose and pretax loss narrowed as it described the year as a "transformation" for the company.
Shares tumbled 11% to 0.28 pence a share on Friday afternoon in London.
The Sydney, Australia-based designer and manufacturer of supercapacitors and energy management systems said revenue rose 6.5% to AUD4.9 million, approximately GBP2.4 million, in the financial year ended June 30, from AUD4.6 million, driven by customer contracts.
Cap-XX said pretax loss narrowed by 36% to AUD3.9 million from AUD6.1 million.
The company said it carried out "significant operational improvements" in financial 2025, including integrating new warehouse management and customer relationship management systems.
Cap-XX reported that its earnings before interest, tax, depreciation and amortisation loss narrowed by 41% to AUD3.0 million from AUD5.1 million.
The company noted key distribution agreements with Farnell and RS Components, along with a master distributor arrangement with Waldom Electronics. Its partnership with Schurter AG completed initial product shipments completed during the year.
Describing its outlook, Cap-XX said it "remains focused on achieving profitability and positive operating cash flow through increased sales volumes, richer product mix, continued efficiency gains, and accelerating design-wins in target markets."
The company added that it has entered financial 2026 with "a strengthened balance sheet, a growing customer base, and a clear pathway toward sustainable growth."
Cap-XX said bookings were up by 25% and billings were up by 12% for the first four months of financial 2026.
Chief Executive Lars Stegmann said: "FY25 was a year of both transformation and disciplined execution for Cap-XX. While global economic conditions remained challenging, with rising trade tensions, tariffs and supply chain pressures impacting the electronics sector, the company navigated this environment with agility and focus.
"Three long-term projects reached end-of-life during the year, but this transition has allowed us to reallocate resources toward higher-growth, higher-margin opportunities."
By Roya Shahidi, Alliance News reporter
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