Full Year 2026 Cleanspace Holdings Ltd Earnings Call Transcript
Key Points
- Gross margin remained strong at 75%, unchanged from FY25, reflecting disciplined cost management and sourcing efficiencies.
- Europe delivered 8% revenue growth, with strong contributions from France and the Nordics.
- AGILE, the new loose-fitting PAPR, achieved certification in Europe and Australia/New Zealand and is already generating early sales and multiple customer trials.
- Cash position remained robust at $10.1 million with zero borrowings, providing financial flexibility and resilience.
- The company announced a share buyback, reflecting the Board's confidence in the company's underlying value and prospects.
- Revenue was flat at $19.8 million, below the original growth ambition, due to a challenging operating environment.
- North America revenue declined 29%, impacted by unprecedented US regulatory disruption and customer deferrals.
- Operating EBITDA loss widened to $0.6 million from $0.2 million in FY25, due to deliberate investments in R&D, sales, and systems.
- Net loss after tax increased to $1.2 million, including a $2.6 million impairment of deferred tax assets.
- Regulatory transitions in Australia and the UK caused customers to reassess respiratory protection programs, slowing purchasing decisions.
Good morning, everybody, and welcome to the CleanSpace Holdings Limited annual results webinar for the year ended June 30, 2026, or FY26. My name is Graham McLean and I am the Chair of CleanSpace. Joining me this morning are the CEO, Gabrielle O'Carroll; and the CFO, Bree Greeff.
I'll make a few introductory remarks and then hand over the meeting to Gabrielle to share the key results and highlights of the year. She and Bree will then provide detailed information and perspectives on the company's performance during the 2026 financial year just concluded. At the end of the presentation, there will be time for questions from the audience. (Event Instructions)
Firstly, I'd like to say on behalf of the Board that we are very pleased with the continued progress of the business in FY26. Our strategy over the last three years has been clear and consistent, and during this time it has developed more focus and with several key strategic objectives achieved during the year. We believe that ClearSpace has some unique assets and
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