Key Highlights

  • FY26 Revenue was AUD 19.8mn, broadly unchanged from FY25.
  • Europe revenue increased 8% to AUD 12.9mn, while North America declined 29% to AUD 2.2mn.
  • Operating EBITDA was a loss of AUD 0.6mn as the company increased R&D, sales and Marketing and systems investment.
  • AGILE received Australian and European certification, opening opportunities across mining, infrastructure, construction and quarrying.

CleanSpace Holdings Limited (ASX:CSX) finished FY26 with revenue broadly unchanged at AUD 19.8mn as regional market conditions and regulatory changes affected sales. At the same time, the company launched its AGILE loose-fitting powered air-purifying respirator, expanded its addressable market and maintained AUD 10.1mn of cash at 30 June 2026.

Revenue Holds at AUD 19.8mn

FY26 revenue was AUD 19.8mn, up 0.3% from FY25. Gross Margin remained at 75%, while operating expenses increased 3% to AUD 15.4mn. Operating EBITDA was a loss of AUD 0.6mn, compared with a loss of AUD 0.2mn in the prior corresponding period.

Regional Results Show Diverging Conditions

Europe generated AUD 12.9mn of revenue, up 8% and representing 65% of group revenue. APAC and Rest of World revenue was AUD 4.7mn, broadly flat, while North America declined 29% to AUD 2.2mn. In Australia and New Zealand, tighter silica and fit-testing enforcement affected purchasing decisions during the year.

AGILE Expands the Product Addressable Market

AGILE is a loose-fitting powered air-purifying respirator designed to remove the dependency on fit testing. Certification in Australia and Europe opened additional opportunities in Australia, New Zealand and the UK, particularly across mining, infrastructure, construction and quarrying. Early product trials were converting into sales at the end of FY26.

Cash and Investment Priorities

Cash at bank was AUD 10.1mn at 30 June 2026, down AUD 0.4mn from FY25. During the year, CleanSpace increased R&D expenditure by 19% and sales and marketing investment by 39%, alongside development and certification of AGILE and implementation of a new ERP system. Consumables generated AUD 9.1mn and represented 46% of group revenue.

What Could Come Next for CleanSpace Holdings?

For FY27, CleanSpace plans to focus on commercialising AGILE in Europe and Australia/New Zealand, expanding distributor and agency coverage and pursuing enterprise opportunities in mining, heavy Manufacturing and other industrial markets. The company has also set a medium-term target of compound annual revenue growth of 20% or more over three to five years, while noting that quarterly and half-year performance may vary.