XRF Scientific reported unaudited financials for the first quarter, reflecting a 13% revenue increase to $15.2 million and a 15% rise in pre-tax profit to $3.2 million compared to the first quarter in 2023.
Year-to-date figures show an 8% revenue growth to $43.7 million and a 14% increase in pre-tax profit to $9.4 million.
The company credits the growth to contributions from all divisions, particularly the mining sector. Consumable sales remained strong, and capital equipment sales surged to $5 million from $3.9 million.
Precious metals sales improved, and the company foresees continued growth across divisions in the second quarter, focusing on new products, international sales, and M&A opportunities.