FOS Capital

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Montserrat

COMPANY UPDATE

ASX Release
31 January 2022

FOS Capital Ltd (ASX:FOS) is pleased to provide the following operational update.

1st HALF
HIGHLIGHTS
$6.2M
Sales + 77%

iCore Smart Poles
Appointed exclusive
distributor

$6.1M
Order Book +326%

57
Employees +90%

SNAPSHOT

FOS ends 1H22 in a profitable and cashflow positive position. Sales and order book
continue to rise as we win major projects across all locations. The Ecopoint acquisition
in New Zealand has transitioned seamlessly and delivering positive results. We received
our first order for Melbourne’s Metro Tunnel Project. The first station is one of five
stations being constructed. FOS were appointed the exclusive distributor of the iCore
smart pole in ANZ, this new technology multi-functional IoT pole will be manufactured
in Australia from our Brisbane facility which has also received ISO9001 Quality
assurance accreditation.

Q2
MAJOR
PROJECTS

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•
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•

OUTLOOK

Expanding the sales team in New Zealand as we roll out FOS products to the Ecopoint
customer base. With a record order book of $6.1M we are expecting 2H sales of +$9M
without increasing the cost base which will bring FY22 +85% to approximately $15M.
Our project pipeline continues to grow, and we expect increased construction activity
as VIC, NSW & NZ come out of lockdown. We are actively pursuing further acquisition
opportunities to continue our consolidation of a fragmented lighting market.

INVESTOR
BRIEFING

FOS Capital will conduct an interactive online investor briefing after the release of the
half year report expected to be mid February 2022.

Metro Tunnel - VIC
Gallipoli Barracks - QLD
Miele Head Office - VIC
Deakin One - ACT

•
•
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•

Coffs Harbour Civic Centre - NSW
Australian Red Cross -VIC
Health & Medical Research - SA
Gore 1 School - NZ

This Announcement has been authorised for release to ASX by the board of FOS Capital Ltd.
Con Scrinis
Managing Director
con@foslighting.com.au

FOS MANUFACTURES & DISTRIBUTES COMMERCIAL, INDUSTRIAL & ARCHITECTUAL LED LIGHTING
FOS Capital Ltd ABN:76 637 156 275 Unit 3B 41 Rose Street Richmond Vic 3121 PH:1300 241 087 info@foscapital.com.au

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