Sydney-based professional AV and retail audio distributor Ambertech has reported a 38% drop in profit to just $840,000 for the year to June, as net debt rose to $3.7 million.

Despite the earnings hit, the company managed to lift revenue by 6% to $101.2 million, up from $95.4 million a year earlier, and said it is actively pursuing acquisitions to drive further growth.

Management described the financial year as a “tale of two halves,” with a weak first six months offset by stronger trading in the second half. Several large broadcast and media projects, delayed early in the year, were completed in the latter half, helping underpin performance. Growth was also supported by increased activity across broadcast media, defence, and law enforcement projects.

Retail sales — which account for 16% of total revenue — jumped 27% to $8.7 million.

Earlier this month, Ambertech secured extended credit facilities through Octet Finance, including an invoice discounting facility of up to $6 million and a business transaction facility capped at $8 million.

The board has declared a fully franked dividend of 0.6 cents per share for the period ended 30 June 2025.

Earnings before interest, tax, depreciation and amortisation (EBITDA) improved from $1.1 million in the first half to $3.2 million in the second half. Management expressed confidence that the positive momentum will continue, noting strong trading in July and August.

Looking forward, Ambertech expects EBITDA margins and operating cash flows to materially improve, which should support a reduction in net debt. Net debt closed the year at $4.2 million, up from $3.7 million in FY24.