Beam Communications (ASX:BCC) has reported a decisive financial turnaround for the first half of FY26, swinging from a loss to a statutory net profit of $2 million.
The result marks a stark contrast to the $12.7 million loss recorded in the corresponding period last year.
The company's improved performance is largely attributed to a successful cost optimisation program and the strategic divestment of Zoleo.
While total ordinary revenue dipped to $12.3 million from $13.6 million the previous year—reflecting the absence of Zoleo revenue—the core legacy business demonstrated strong growth.
Revenue from continuing operations jumped 14.9% to $11.2 million, driven by an increase in Core Beam Equipment sales to $9.4 million.
EBITDA improved by $5 million compared to the previous corresponding period, reaching $2.1 million.
On the back of this improved profitability and available funds, Beam announced a capital return of $12.1 million, equivalent to $0.14 per share, subject to shareholder approval.
The company enters the second half of the year in a strong financial position, with net operating cash inflow of $2.5 million and an upgraded cost savings target of $3.5 million per annum.
At the time of reporting, Beam Communications' share price was $0.20.