Lets have a Look SEE into the Performance Indicator Analysis (FY2025 vs FY2024) ratio‑by‑ratio performance analysis of Axia Corporation Limited, comparing FY2025 vs FY2024, using audited figures extracted from the Group financial statements in the 2025 Annual Report (USD, year ended 30 June).
Performance Indicator Analysis (FY2025 vs FY2024)
1. Earnings Per Share (EPS)
| FY2025 | FY2024 | |
|---|---|---|
| EPS (US cents) | 0.91 | 0.60 |
Analysis
EPS increased by 51% year‑on‑year. This growth is far stronger than revenue growth (1%), indicating improved profitability, tighter cost control, and lower finance strain, rather than inflation‑driven growth.
Assessment: ✅ Strong growth
2. Gross Profit (GP) Margin
Formula:
Gross Profit ÷ Revenue
| FY2025 | FY2024 | |
|---|---|---|
| Gross Profit (USD) | 60.08m | 57.10m |
| Revenue (USD) | 196.47m | 193.85m |
| GP Margin | 30.6% | 29.5% |
Analysis
GP margin improved by ~1.1 percentage points, reflecting:
- Better pricing discipline
- Improved product mix
- Cost‑of‑sales rationalisation
Assessment: ✅ Quality margin growth
3. Return on Capital Employed (ROCE)
Formula (approx.):
Operating Profit ÷ (Equity + Interest‑bearing Debt)
| FY2025 | FY2024 | |
|---|---|---|
| Operating Profit | 25.90m | 19.65m |
| Equity | 66.92m | 60.86m |
| Interest‑bearing Debt | 15.98m | 20.45m |
| ROCE | ~31% | ~24% |
Analysis
ROCE improved substantially as a result of:
- Higher operating profit
- Reduced debt levels
- Improved capital efficiency
Assessment: ✅ Very strong improvement
4. Return on Investment (ROI)
(Using Profit After Tax ÷ Total Assets as a proxy)
| FY2025 | FY2024 | |
|---|---|---|
| Profit After Tax | 8.47m | 6.06m |
| Total Assets | 127.57m | 127.55m |
| ROI | ~6.6% | ~4.8% |
Analysis
ROI increased meaningfully, showing that assets are generating higher returns without asset base expansion.
Assessment: ✅ Improving asset productivity
5. Quick Ratio
Formula:
(Current Assets − Inventories) ÷ Current Liabilities
| FY2025 | FY2024 | |
|---|---|---|
| Quick Assets | 44.45m | 39.82m |
| Current Liabilities | 49.23m | 56.16m |
| Quick Ratio | 0.90 | 0.71 |
Analysis
Liquidity improved significantly due to:
- Reduction in short‑term borrowings
- Better working capital management
Assessment: ✅ Liquidity strengthening
6. Acid Test Ratio
(Same structure as quick ratio – no major prepaid exclusions disclosed)
- FY2025: 0.90
- FY2024: 0.71
Analysis
The Group is moving closer to covering short‑term obligations without selling inventory.
Assessment: ✅ Improved short‑term solvency
7. Interest Cover
Formula:
EBIT ÷ Interest Expense
| FY2025 | FY2024 | |
|---|---|---|
| EBIT | 16.23m | 13.37m |
| Interest Expense | 4.86m | 4.47m |
| Interest Cover | ~3.3× | ~3.0× |
Analysis
Despite high interest rates, Axia improved its ability to service debt through higher operating earnings.
Assessment: ✅ Lower financial risk
8. Gearing Ratio
Formula:
Interest‑bearing Debt ÷ Equity
| FY2025 | FY2024 | |
|---|---|---|
| Gearing | 24% | 34% |
Analysis
The Group reduced debt by USD 4.47m while equity increased by ~10%, materially strengthening the balance sheet.
Assessment: ✅ Significant deleveraging
9. Overall Performance Summary
| Indicator | Trend |
|---|---|
| EPS | ✅ Strong growth |
| GP Margin | ✅ Improved |
| ROCE | ✅ Strong improvement |
| ROI | ✅ Improved |
| Quick Ratio | ✅ Improved |
| Acid Test | ✅ Improved |
| Interest Cover | ✅ Improved |
| Gearing | ✅ Lower risk |
Final Conclusion
Axia Corporation Limited recorded genuine, high‑quality growth in FY2025 compared to FY2024.
- Earnings growth far outpaced revenue growth
- Profitability improved through margins and efficiency
- Balance sheet risk reduced via deleveraging
- Liquidity and capital efficiency strengthened
Overall judgement:
✅ FY2025 represents a transition from recovery to efficiency‑driven growth.
