FY2025 Results Announcements
Released
Released
Announcement PDF
ASX RELEASE
27 August 2025
Ava Risk Group Reports FY2025 Full Year Results
Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces its full year results for the financial year
ended 30 June 2025.
Highlights
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Group revenue of $31.7 million, up 5% on the previous corresponding period (PCP)
Underlying group EBITDA of $2.1 million 1, up $3.0 million, with improvement reflecting margin gains and
cost efficiencies
Sales order intake of $29.9 million (FY2024: $35.3m)
Expansion in strategically important industry verticals and key projects across sovereign border protection,
airport perimeter detection, and transportation
Sales order backlog of $6.4 million, including $2.6 million in contracted annual recurring revenue
Cash balance of $5.6 million at 30 June 2025
Ava Risk Group CEO Mal Maginnis commented: “FY2025 has been a year of continued strategic progress for Ava
Risk Group as we strengthened our position as a global leader in sensing and risk management technology and
expanded into strategically important industry verticals and major projects.
“Geopolitical events continue to elevate demand for advanced border security solutions, and we have a strong
pipeline of opportunities across Eastern Europe and in new markets in the Middle East and Asia. We are growing
our footprint in airport perimeter detection systems, including deployments at major international airports while in
the transport sector, we expanded our scope of work with UGL.
“A standout achievement in the second half was the installation of our Aura Ai-X technology on a Telstra subsea
cable, opening the door to further deployments across subsea infrastructure and creating new opportunities with
international telecom operators.
“We have built a market-leading technology platform, enhanced our commercial capabilities, developed a robust
sales pipeline, and secured strong partners in key markets. With a stable cost base and a leading technology
platform, Ava Group is well positioned to deliver improved growth in FY2026.”
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Underlying EBITDA excludes depreciation, amortisation, impairment, finance expense, and FX movements.
Performance Overview
Total revenue grew 5% year-on-year, primarily driven by 17% growth in Detect, which benefited from the fulfilment
of a significant backlog of orders from the prior year. After a strong H1 with revenue growth of 20%, unforeseen
external factors meant that several key Detect orders which were expected in H2 were delayed into 1H FY2026. This
impacted both the sales order intake and revenues.
$Am
Revenue
FY25
31.7
FY24
30.2
Var
1.5
Gross Profit
20.3
18.1
2.2
Gross Margin
64%
60%
4%
Underlying EBITDA 2
2.1
(0.9)
3.0
EBITDA Margin
7%
-3%
10%
D&A
(3.5)
(2.5)
(1.1)
Impairment of Goodwill
(5.6)
(1.5)
(4.1)
Finance / FX
(0.1)
(0.3)
0.2
Tax
0.7
0.0
0.7
Profit / (loss) after tax
(6.5)
(5.2)
(1.3)
Growth in the Detect segment was underpinned by further investment in Aura Ai-X, our market-leading fibre optic
sensing solution. We expanded Aura Ai-X’s applications to serve the telecommunications sector and developed
solutions for shorter perimeter deployments in our traditional detection market. A highlight was the successful
deployment of Aura Ai-X to a Telstra subsea cable in Q4 FY25, demonstrating the significant opportunities in the
telecommunications sector.
Revenue in the Access segment declined 26%, due to no repeat dormakaba stocking orders in FY25 following an
initial stocking order in FY24. The Group’s focus remains on driving volume through this important partner channel
in Europe and the U.S., and the team is working closely with dormakaba to drive volumes and return the division to
growth in FY2026.
Revenue in the Illuminate segment was consistent with the prior year. Performance improved in calendar year
2025 with stronger OEM demand, particularly in North America. The Group expects continued sales momentum
from key distributors and is exploring further integration opportunities with Detect solutions.
Underlying EBITDA improved materially to $2.1 million, compared with a $0.9 million loss in FY2024, reflecting
strong gross margins and a lean, stable cost base following completion of major investments into the Group’s
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Underlying EBITDA excludes depreciation, amortisation, impairment, finance expense, and FX movements
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commercial capability and technology. We expect EBITDA margins to improve as revenue grows, leveraging our
fixed cost and technology base.
An impairment charge of $5.6 million was recognised in FY2025, representing the remaining goodwill in the
Illuminate segment. While this reflects a more conservative revenue outlook, we remain confident in Illuminate’s
complementary role to Detect and its potential in new markets.
Outlook
Looking ahead, we have built a market-leading technology platform, strengthened our commercial capabilities,
developed a robust sales pipeline, and secured strong partners in key markets and industry verticals. With a stable
cost base, our priorities are to:
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Increase sales order intake, particularly in strategic industry sectors;
Grow sales order backlog, including contracted recurring revenues;
Maintain gross margins of 60–65%; and
Continue targeted investment in technology to extend our market leadership.
Investor Webinar
Chairman David Cronin, CEO Mal Maginnis and CFO Neville Joyce will host a Zoom webinar to present the results at
10.30am AEST today. To register for the webinar, please select the following link:
https://us06web.zoom.us/webinar/register/WN_9CYALLZwS36qclBFv9O_RQ
ENDS
Approved for release by the Board of Directors.
For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057
About Ava Risk Group
Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and
infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment manufactures
and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications
including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development,
manufacture and supply of high security biometric readers, security access control and electronic locking products.
Illuminate specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors. Ava
Risk Group products and services are trusted by some of the world’s most security-conscious commercial, industrial,
military and government clients. www.avariskgroup.com
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