Cap-XX Limited (CPX:AIM) delivered a robust investor update highlighting a transformational FY2025 marked by disciplined execution and revenue growth amid global headwinds. CEO Lars Stegmann reported an 8% year-on-year revenue increase to approximately AUD 5 million, supported by a strong 1.2 book-to-bill ratio and an encouraging start to FY2026 with bookings up 25% and revenue up 12%. The company remains debt-free with total available cash of AUD 3.3 million, including an anticipated R&D tax credit. Operationally, Cap-XX has successfully integrated a new CRM and manufacturing system powered by Microsoft Power BI, providing real-time global visibility and efficiency improvements. Production output at its Seven Hills facility has been optimized with new SMT (surface mount technology) equipment and leadership, reducing lead times and boosting customer trust. The company’s distribution network expanded significantly through partnerships with Walden Electronics (master distributor), Farnell, and RS Components, enhancing market access and customer reach. CFO Anthony Guarna highlighted FY2025 as a turnaround year with revenue up 7.6%, margins steady at 29.7%, and EBITDA loss reduced by 40.5%, demonstrating strong cost control and improving cash stewardship. Looking ahead, Cap-XX expects continued progress toward profitability, supported by a balanced multi-sector focus across mobile, industrial, IoT, aerospace, and healthcare markets. Collaboration with partner Shorter remains central to developing next-generation SMT products for the aerospace and defence sectors. Management reiterated its confidence in achieving sustainable growth in FY2026 and beyond, with strengthened operations, diversified product lines, and robust IP protection underpinning future expansion.