HighCom FY26 slides: revenue rebounds 73% in H2 amid recovery

HighCom Limited (ASX:HCM) reported a 73% increase in second-half revenue to A$18.9 million in its fiscal year 2026 results, following a challenging start to the year. The company's shares rose 5% to $0.105 following the presentation, trading near the lower end of its $0.091-$0.44 range. Despite a significant decline in overall revenue from A$48.1 million in FY25 to A$29.8 million in FY26, HighCom's cash position improved from A$5.8 million in FY25 to A$9.7 million, with a successful A$7.8 million capital raise helping to strengthen the balance sheet.

The Technology division outperformed with a positive EBITDA of A$2.8 million, while the US Armour segment faced difficulties due to the U.S. government budget shutdown, resulting in a negative EBITDA of US$3.4 million.

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