Highlights

  • FY26 revenue was $97.8 million, down from $101.2 million, and the loss before tax was $3.0 million.
  • Reset charges of about $3.2 million covered a goodwill impairment, an inventory provision and restructuring costs.
  • Operating cash flow rose to $2.24 million from $0.65 million, and inventory fell to $22.0 million from $25.4 million.
  • The board is not providing earnings guidance for FY27, with working capital central to its plans.

Ambertech Limited (ASX:AMO) took a series of write-downs in FY26 as it reset its inventory, cost base and brand portfolio. The Sydney-based distributor reported revenue of $97.8 million for the year to 30 June 2026 and a loss before tax of $3.0 million, but improved its operating cash flow.

Company Snapshot

Ambertech imports and distributes high-technology equipment to the professional broadcast, film, recording and sound reinforcement industries. It also supplies consumer audio and video, home theatre, custom installation, projection and display products to dealers and consumers in Australia and New Zealand. Its three segments are Integrated Solutions, Professional and Retail.

The company was formed through a management buyout from Rank Electronics, and Peter Amos has been managing director since 1995. It had 137 employees at 30 June 2026. Tom Amos became chairman on 1 January 2026 after Peter Wallace retired.

FY26 Results

Revenue was $97.8 million, against $101.2 million. The loss after tax was $2.25 million, against a profit of $0.84 million. Excluding reset charges, profit before tax was about $0.2 million. The charges comprised a $961,000 goodwill impairment, a $1.895 million inventory provision and a $301,000 restructure provision.

Operating cash flow was $2.24 million, against $0.65 million. Cash was $2.57 million, against $3.53 million, and net assets were $19.9 million, against $23.1 million. Borrowings were $7.9 million, made up of $2.5 million of debtor finance and $5.4 million drawn on a business transaction facility. No final dividend was declared for FY26.

Half-Year Context and Funding

In the half year to 31 December 2025, revenue rose 7.0% to $48.5 million, but the statutory loss was $2.6 million and operating cash flow was an outflow of $3.6 million. A higher mix of lower-margin projects reduced gross margin. The company said the second half would reflect a period of continued transition and cited momentum in building automation and control orders.

The Octet Finance facilities were extended for a further 12 months on 3 August 2026. The invoice discounting limit of up to $7.0 million reduces to $6.0 million from 31 August 2026, and the company states that no covenants were breached during the year.

Outlook and Risks to Watch

The board is not providing earnings guidance for FY27 and expects to comment on progress at the AGM. Inventory investment is to remain appropriate for service levels, with capital directed to higher-return areas as cash generation improves. The company describes trading conditions as competitive and mixed across end markets.

Risks include competition and price pressure, supply chain disruption, currency, credit exposure and annual renewal of funding facilities. Inventory represents about 46% of total assets, and the auditor flagged inventory valuation and revenue recognition as key audit matters. The company also reports $458,000 of sales to a business linked to director Santo Carlini.

Stock Price Information

Ambertech shares were unchanged at A$0.08 on 27 October 2026, giving the company a market capitalisation of about A$7.63 million. The stock is down 55.56% over the past year.