Rakon reports $5.8m loss, strong second-half recovery

Rakon has reported a net loss of $5.8 million for the 2025 financial year, as the company faced one of its most challenging years.

The loss included $3.6m of one-off restructuring and transaction costs.

However, Rakon still managed to deliver underlying ebitda of $9.5m, in line with the guidance mid-point.

The company's second-half turnaround was particularly strong, with 60% of its full-year revenue coming in the last six months.

This surge in revenue lifted Rakon's revenue by 49% compared to the first half and swung its underlying ebitda by $16.8m.

Rakon's aerospace and defence segment achieved record revenue, with 15% year-on-year growth.

However, telecommunications revenue declined by 33% due to muted global 5G capex and the company's strategic decision to exit supply to a major Chinese telecom-infrastructure customer.

Rakon's momentum into the 2026 financial year is positive, driven by the growth in the second half of 2025 and strong demand in the aerospace and defence sector, as well as orders in the AI and cloud computing infrastructure segment.