Slide 1: FY25 Result Presentation
FY25 Result Presentation 28 August 2025
Slide 2: Corporate Overview
Corporate Overview FOS Capital FOS-ASX Board of Directors IPO date 3 June 2021 Alexander (Sandy) Beard Non-Executive Chair Share price (27 Aug 2025) $0.30 Shares on issue $67.2m Con Scrinis Managing Director Market capitalisation $20.2m Michael Koutsakis Executive Director Cash (30 Jun 2025) $2.5m N
Slide 3: FY25 Highlights
FY25 Highlights Strong earnings growth as FOS builds out critical mass Sales EBITDA NPAT $25.5m $2.1m $0.9m +4% vs pcp +43% vs pcp, flat adjusted1 +48% vs pcp EPS DPS Op Cash Flow Export Market Sales 1.72cps 1cps $2.3m $2.7m +47% vs pcp 1cps in pcp +130% vs pcp +84% vs pcp, 11% of sales Acquisition
Slide 4: FY25 Financial Highlights
FY25 Financial Highlights Operating leverage continuing to drive strong financial outcomes Revenue ($m) EBITDA1 ($m) EBITDA margin (%) NPAT 932 8.2% 25.5 2.1 24.5 6.1% 5.7% 632 1.5 584 17.1 13.5 4.2% 1.0 349 0.6 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Strong f
Slide 5: Growth Strategy
Growth Strategy Consolidating fragmented markets via organic growth and M&A • As a leader in highly fragmented markets, FOS is able to acquire businesses and realise significant synergies, providing a base to take further market share. • The seven acquisitions executed to date have been successfully
Slide 6: Key Acquisitions & Agreements
Key Acquisitions & Agreements Track record of strategic, accretive acquisitions FOS Capital | FY25 Result Presentation 6
Slide 7: Aldridge Traffic Systems – Acquisition
Aldridge Traffic Systems – Acquisition Acquisition of ATS in June 2025 advances key strategic priorities • The acquisition of key road-lighting player ATS strengthened FOS Capital’s existing presence in the road lighting industry, which is characterised by high barriers to entry due to stringent pro
Slide 8: Glowing Structures – Acquisition
Glowing Structures – Acquisition Acquisition of specialist lighting design consultancy • In May 2025 FOS acquired Glowing Structures, a specialist lighting design consultancy based in Unaudited FY24 Melbourne that provides clients across a range of Sales $1.3m sectors with innovative design services
Slide 9: FY25 Income Statement
FY25 Income Statement Successful execution driving earnings uplift on operating leverage A$m FY25 FY24 Sales 25.5 24.5 Gross profit 11.3 9.1 Other income 0.1 0.2 Expenses 9.3 7.9 EBITDA 2.1 1.5 EBITDA margin 8.2% 6.1% Restructuring costs - 0.6 Adjusted EBITDA1 2.1 2.1 PBT 1.2 0.8 NPAT 0.9 0.6 EPS (c
Slide 10: FY25 Cash Flow
FY25 Cash Flow Strong Cash Flow generation and stable capital management A$m FY25 FY24 Change Receipts from customers 28.4 24.9 +14% Payments to suppliers & employees -25.6 -23.7 +8% Other -0.5 -0.2 +150% Operating Cash Flow 2.3 1.0 +130% Strong OCF improvement on scale, earnings Capex -0.0 -0.0 Nm
Slide 11: FY25 Balance Sheet
FY25 Balance Sheet Well capitalised and positioned to execute on growth plans A$m 30 Jun-25 30 Jun-24 Change Cash 2.5 1.7 +47% Receivables 3.9 4.9 -20% PP&E 1.7 1.0 +70% Other Assets 17.6 14.2 +24% Total Assets 25.7 21.8 +18% Payables 1.7 2.9 -41% Borrowings 3.9 2.7 +44% Other Liabilities 6.0 6.3 -5
Slide 12: Outlook
Outlook FOS is well positioned to execute on a growing opportunity set Orders on hand ($m) Active quotes ($m) KLIK order 11.1 120 115 book ~$5m at 9.7 110 110 9.1 8.8 8.8 acquisition 100 80 6.1 6.2 5.3 58 56 50 3.8 42 3.3 25 1.5 FOS is involved in multiple infrastructure projects and continues to ta
Slide 13: Appendices
Appendices
Slide 14: FOS Capital – Introduction
FOS Capital – Introduction Founder-led manufacturer & distributor of commercial LED lighting • FOS manufactures a range of commercial luminaires, outdoor fittings, and linear extruded lighting, and distributes a range of commercial, architectural, and road lighting solutions. • The company remains f
Slide 15: FOS Capital – Background
FOS Capital – Background History Key Management April 2019 – FOS Lighting Group (100% owned by FOS Capital) founded by FOS MD Con Scrinis and ED Michael Koutsakis to target lighting requirements in the commercial, retail, and industrial Con Scrinis building industries Managing Director 2019 to 2020
Slide 16: FOS Capital – Brands & Solutions
FOS Capital – Brands & Solutions FOS Capital | FY25 Result Presentation 16
Slide 17: Project Examples
Project Examples FOS supports a range of major government & corporate projects FOS Capital | FY25 Result Presentation 17
Slide 18: Contact
Contact Con Scrinis, Managing Director con@foslighting.com.au