OPAD: financial statements from SEC

Income statement

Metric	31/03/2026	30/09/2025	30/06/2025	31/03/2025	30/09/2024	30/06/2024
Revenue	80M	133M	160M	161M	208M	251M
Cost of revenue	75M	123M	146M	150M	191M	229M
Gross profit	6M	9M	14M	11M	17M	22M
Research and development	886,000	788,000	986,000	1M	947,000	964,000
Selling, general and administrative	6M	5M	8M	7M	8M	11M
Operating expenses	15M	16M	22M	22M	26M	32M
Operating income	−9M	−7M	−8M	−12M	−9M	−10M
Interest expense	—	—	—	—	—	5M
Pre-tax income	−10M	−11M	−11M	−15M	−14M	−14M
Income tax	16,000	380,000	30,000	37,000	24,000	−54,000
Net income	−10M	−12M	−11M	−15M	−14M	−14M
Earnings per share	−0.22	−0.37	−0.39	−0.55	−0.49	−0.50
Earnings per share, diluted	−0.22	−0.37	−0.39	−0.55	−0.49	−0.50
Weighted average shares	46M	31M	28M	28M	27M	27M
Weighted average shares, diluted	46M	31M	28M	28M	27M	27M

Metric	31/03/2026	31/12/2025	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Cash and equivalents	41M	27M	31M	23M	31M	43M	49M	57M
Receivables	8M	8M	7M	8M	6M	4M	6M	7M
Inventory	75M	94M	162M	213M	211M	214M	256M	308M
Current assets	127M	132M	206M	250M	255M	294M	323M	391M
Property, plant and equipment	14M	15M	9M	10M	10M	9M	5M	4M
Total assets	150M	155M	223M	268M	274M	313M	338M	407M
Current liabilities	76M	89M	156M	230M	226M	251M	263M	320M
Total liabilities	104M	117M	184M	243M	240M	265M	274M	329M
Equity	46M	38M	40M	25M	34M	48M	65M	78M

Metric	31/03/2026	30/09/2025	30/06/2025	31/03/2025	30/09/2024	30/06/2024
Operating cash flow	9M	—	—	−10M	—	—
Depreciation and amortisation	287,000	200,000	300,000	206,000	200,000	100,000
Share-based compensation	942,000	—	—	2M	—	—
Capital expenditure	19,000	—	—	994,000	—	—
Investing cash flow	−2,000	—	—	−994,000	—	—
Financing cash flow	4M	—	—	−27M	—	—