Cap-XX shares sink despite optimistic outlook and narrowed loss
Cap-XX Ltd on Friday said full-year revenue rose and pretax loss narrowed as it described the year as a ‘transformation’ for the company.
Shares tumbled 11% to 0.28 pence a share on Friday afternoon in London.
The Sydney, Australia-based designer and manufacturer of supercapacitors and energy management systems said revenue rose 6.5% to A$4.9 million, approximately £2.4 million, in the financial year ended June 30, from A$4.6 million, driven by customer contracts.
Cap-XX said pretax loss narrowed by 36% to A$3.9 million from A$6.1 million.
The company said it carried out ‘significant operational improvements’ in financial 2025, including integrating new warehouse management and customer relationship management systems.
Cap-XX reported that its earnings before interest, tax, depreciation and amortisation loss narrowed by 41% to A$3.0 million from A$5.1 million.
The company noted key distribution agreements with Farnell and RS Components, along with a master distributor arrangement with Waldom Electronics. Its partnership with Schurter AG completed initial product shipments completed during the year.
Describing its outlook, Cap-XX said it ‘remains focused on achieving profitability and positive operating cash flow through increased sales volumes, richer product mix, continued efficiency gains, and accelerating design-wins in target markets.’
The company added that it has entered financial 2026 with ‘a strengthened balance sheet, a growing customer base, and a clear pathway toward sustainable growth.’
Cap-XX said bookings were up by 25% and billings were up by 12% for the first four months of financial 2026.
Chief Executive Lars Stegmann said: ‘FY25 was a year of both transformation and disciplined execution for Cap-XX. While global economic conditions remained challenging, with rising trade tensions, tariffs and supply chain pressures impacting the electronics sector, the company navigated this environment with agility and focus.
‘Three long-term projects reached end-of-life during the year, but this transition has allowed us to reallocate resources toward higher-growth, higher-margin opportunities.’
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