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Matrix Composites & Engineering Ltd engages in the design, manufacture, and supply of engineered composite products in Australia, Brazil, the United States, the United Kingdom, Japan, and internationally. It offers autonomous underwater vehicles/unmanned underwater vehicles buoyancy, distributed buoyancy module systems, drill riser buoyancy systems, matrix longitudinal groove system (LGS) for drilling operation and surf applications; MarineShield, a wraparound corrosion protection system for the preservation of pipelines, risers, piles, and other critical field infrastructure; installation buoyancy products; and Matrix Subsea Test Center services. The company also provides Kinetica, an impact and energy absorption system; Paragon, a standard of epoxy resins and grouts; Matrix Fibrenetic, a lightweight carbon fibre repair system; and Matrix Rotolining, an internal lining system; and conductor and low friction centralizers. In addition, it offers equipment hire; Humiclean non-toxic and non-VOC cleaning agent; Humidur applicator training; Humidur char passive fire protection; Humidur FP anti-corrosion coating; Humidur FP fast spray; Humidur FP non-skid aggregate coating; Humidur TC topcoat; Humidur WF22 anti corrosion coating; Matrix Fibrenetic composites repairs; and Matrix non-skid aggregate. The company serves defense, energy, infrastructure, mining, and renewables industries. Matrix Composites & Engineering Ltd was incorporated in 1990 and is headquartered in Henderson, Australia. As of July 14, 2026, Matrix Composites & Engineering Ltd operates as a subsidiary of Advanced Innergy Solutions Limited.
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Matrix Composites & Engineering Ltd is an Australian engineering and manufacturing company that produces composite and metallic structures and components for offshore oil and gas, renewables, defence and industrial customers. Long-term growth drivers include demand for offshore wind and subsea infrastructure tied to the energy transition, defence procurement and potential recovery in oil and gas project activity, and investors may find its specialist fabrication capabilities and multi-sector exposure appealing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Income before tax | -1.76M | 3.65M | 8.68M | -5.04M | -27.92M |
| Net income | -2.22M | 3.65M | 8.68M | -4.78M | -27.92M |
| Selling general administrative | 5.44M | 5.52M | 4.69M | 3.88M | 3.67M |
| Selling and marketing expenses | 2.66M | 2.10M | 1.78M | 2.25M | 1.67M |
| Gross profit | 10.77M | 17.53M | 5.59M | 1.68M | -2.83M |
| Reconciled depreciation | 5.90M | 4.48M | 3.21M | 3.50M | 4.56M |
| Ebit | -0.99M | 7.45M | -5.00M | -5.01M | -10.70M |
| Ebitda | 3.67M | 11.77M | -1.79M | -1.96M | -6.13M |
| Depreciation and amortization | 4.66M | 4.32M | 3.21M | 3.04M | 4.56M |
| Operating income | -0.96M | 6.61M | -3.10M | -5.92M | -9.15M |
| Other operating expenses | 75.73M | 78.43M | 47.17M | 22.30M | 2.56M |
| Interest expense | 4.24M | 3.81M | 2.12M | 0.03M | 2.18M |
| Tax provision | 0.46M | 0.00M | 0.00M | -0.26M | 0.00M |
| Interest income | 0.74M | 0.89M | 0.33M | 0.01M | 0.02M |
| Net interest income | -3.65M | -2.92M | -3.81M | -2.09M | -2.16M |
| Income tax expense | 0.46M | -0.03M | 1.89M | -0.26M | 0.61M |
| Total revenue | 74.77M | 85.04M | 47.20M | 28.62M | 17.62M |
| Total operating expenses | 11.73M | 10.93M | 11.87M | 10.61M | 10.88M |
| Cost of revenue | 64.00M | 67.51M | 41.62M | 26.95M | 20.45M |
| Total other income expense net | -0.80M | -2.96M | 15.57M | 2.94M | -16.61M |
| Net income from continuing ops | -2.22M | 3.65M | 8.68M | -4.78M | -27.92M |
| Net income applicable to common shares | -2.22M | 3.65M | 8.68M | -4.78M | -27.92M |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Total assets | 80.78M | 95.15M | 79.89M | 33.22M | 36.50M |
| Intangible assets | 1.05M | - | 0.94M | 0.60M | 0.60M |
| Other current assets | 2.54M | 1.61M | 0.08M | 0.39M | 0.33M |
| Total liab | 51.45M | 64.14M | 53.12M | 34.52M | 39.36M |
| Total stockholder equity | 29.32M | 31.02M | 26.77M | -1.30M | -2.86M |
| Deferred long term liab | - | - | 0.94M | 0.60M | - |
| Other current liab | 6.30M | 15.91M | 8.53M | 0.46M | 2.30M |
| Common stock | 140.37M | 139.99M | 139.85M | 120.71M | 114.17M |
| Capital stock | - | - | 139.85M | 120.71M | 114.17M |
| Retained earnings | -110.57M | -108.58M | -114.09M | -122.77M | -118.00M |
| Other liab | - | - | 2.69M | 2.74M | 5.10M |
| Other assets | - | 0.00M | 2.06M | 0.60M | 0.00M |
| Cash | 18.34M | 17.50M | 12.55M | 7.59M | 7.16M |
| Total current liabilities | 19.55M | 22.73M | 15.67M | 5.16M | 7.09M |
| Current deferred revenue | - | - | 4.34M | 3.00M | 3.01M |
| Net debt | 18.72M | 21.89M | 22.94M | 19.67M | 20.55M |
| Short term debt | 7.99M | 0.63M | 0.73M | 0.64M | 0.55M |
| Short long term debt total | 37.06M | 39.39M | 35.48M | 27.26M | 27.72M |
| Other stockholder equity | - | - | -25.76M | 0.76M | 0.96M |
| Property plant equipment | - | - | 29.46M | 14.65M | 17.13M |
| Total current assets | 46.49M | 59.77M | 48.36M | 17.96M | 19.36M |
| Net tangible assets | - | - | 26.77M | -1.30M | -2.86M |
| Short term investments | 7.88M | 5.82M | 7.47M | 7.47M | 5.10M |
| Net receivables | 16.41M | 26.14M | 21.67M | 3.46M | 5.31M |
| Long term debt | - | - | 8.85M | - | - |
| Inventory | 9.20M | 8.70M | 5.88M | 6.52M | 6.56M |
| Accounts payable | 5.27M | 6.19M | 2.08M | 1.06M | 1.22M |
| Accumulated other comprehensive income | -0.47M | -0.40M | 1.00M | 0.76M | 0.96M |
| Non currrent assets other | - | 1.32M | 1.12M | - | -17.13M |
| Non current assets total | 34.29M | 35.38M | 31.52M | 15.26M | 17.13M |
| Capital lease obligations | - | - | 26.63M | 27.26M | 27.72M |
| Long term debt total | - | - | - | 26.62M | 27.16M |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Investments | -5.14M | 2.99M | -9.99M | -1.45M | -3.13M |
| Change to liabilities | - | - | 9.60M | -2.46M | 1.60M |
| Total cashflows from investing activities | -5.14M | 2.99M | -9.99M | -1.45M | -3.13M |
| Net borrowings | 0.58M | -1.68M | 6.50M | -0.55M | -0.47M |
| Total cash from financing activities | -0.05M | -3.10M | 24.00M | 5.99M | -0.47M |
| Change to operating activities | - | - | -0.12M | 0.18M | 0.53M |
| Net income | -2.22M | 3.65M | 8.68M | -4.78M | -27.92M |
| Change in cash | -4.98M | 10.77M | 4.96M | 0.43M | -7.52M |
| Begin period cash flow | 23.32M | 12.55M | 7.59M | 7.16M | 14.68M |
| End period cash flow | 18.34M | 23.32M | 12.55M | 7.59M | 7.16M |
| Total cash from operating activities | -0.42M | 10.88M | -9.05M | -4.11M | -3.91M |
| Issuance of capital stock | - | - | 19.14M | 6.54M | - |
| Depreciation | 5.90M | 4.32M | 3.21M | 3.50M | 4.56M |
| Other cashflows from investing activities | -0.29M | -0.14M | -7.45M | 0.09M | 0.00M |
| Change to inventory | -0.50M | -2.82M | 0.64M | 0.05M | 1.03M |
| Change to account receivables | 7.79M | -2.76M | -18.29M | 1.85M | 0.06M |
| Sale purchase of stock | - | - | 19.14M | 6.54M | - |
| Other cashflows from financing activities | 0.58M | -1.42M | 4.86M | -0.55M | -0.47M |
| Change to netincome | - | - | -12.77M | -2.46M | 16.23M |
| Capital expenditures | 4.86M | 4.34M | 2.55M | 1.54M | 3.13M |
| Change in working capital | 7.35M | 2.14M | -17.65M | 1.89M | 1.09M |
| Stock based compensation | 0.63M | 0.61M | 0.56M | 0.43M | 0.40M |
| Other non cash items | -12.09M | 0.16M | -20.94M | -2.83M | 19.45M |
| Free cash flow | -5.27M | 6.54M | -11.60M | -5.66M | -7.04M |
Sector: Industrials Industry: Engineering & Construction
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DOW Downer Edi Ltd |
0.11 1.51% |
7.39 | 21.73 | 15.48 | 0.48 | 2.37 | 0.54 | 7.97 |
| MND Monadelphous Group Ltd |
-0.75 2.14% |
34.24 | 23.68 | 24.33 | 1.07 | 5.16 | 0.97 | 11.84 |
| TEA Tasmea Ltd |
-0.02 0.20% |
9.85 | 31.96 | 18.87 | 1.94 | 8.55 | 2.07 | 19.57 |
| SRG SRG Global Ltd |
-0.02 0.56% |
3.52 | 31.00 | 18.94 | 1.29 | 4.54 | 1.29 | 13.20 |
Matrix Composites & Engineering Ltd engages in the design, manufacture, and supply of engineered composite products in Australia, Brazil, the United States, the United Kingdom, Japan, and internationally. It offers autonomous underwater vehicles/unmanned underwater vehicles buoyancy, distributed buoyancy module systems, drill riser buoyancy systems, matrix longitudinal groove system (LGS) for drilling operation and surf applications; MarineShield, a wraparound corrosion protection system for the preservation of pipelines, risers, piles, and other critical field infrastructure; installation buoyancy products; and Matrix Subsea Test Center services. The company also provides Kinetica, an impact and energy absorption system; Paragon, a standard of epoxy resins and grouts; Matrix Fibrenetic, a lightweight carbon fibre repair system; and Matrix Rotolining, an internal lining system; and conductor and low friction centralizers. In addition, it offers equipment hire; Humiclean non-toxic and non-VOC cleaning agent; Humidur applicator training; Humidur char passive fire protection; Humidur FP anti-corrosion coating; Humidur FP fast spray; Humidur FP non-skid aggregate coating; Humidur TC topcoat; Humidur WF22 anti corrosion coating; Matrix Fibrenetic composites repairs; and Matrix non-skid aggregate. The company serves defense, energy, infrastructure, mining, and renewables industries. Matrix Composites & Engineering Ltd was incorporated in 1990 and is headquartered in Henderson, Australia. As of July 14, 2026, Matrix Composites & Engineering Ltd operates as a subsidiary of Advanced Innergy Solutions Limited.
| Name | Title | Year Born |
|---|---|---|
| Mr. Aaron Paul Begley | MD, CEO & Director | NA |
| Mr. Brendan William Cocks B.Com., C.A., BCom., CA | CFO & Company Sec. | NA |
| Mr. Robbie Stew | Head of Operations | NA |
| Mr. Peter B. Pezet | Gen. Mang. of Technology Group | NA |
| Mr. Paul Andrew Hardie B.Ec. LLB, BEC, L.L.B. | Gen. Counsel & Joint Company Sec. | NA |
| Ms. Liz Hodgson | Human Resource Mang. | NA |
| Mr. Ian Phillips | Head of Program Management | NA |
| Mr. Brendan William Cocks B.Com., C.A., BCom., CA | CFO & Company Secretary | NA |
| Mr. Peter B. Pezet | General Manager of Technology Group | NA |
| Mr. Paul Andrew Hardie B.Ec. LLB, BEC, L.L.B. | General Counsel | NA |
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