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The latest announcement is out from XRF Scientific Limited ( (AU:XRF) ).
XRF Scientific Limited announced an update regarding the earnout payment for Orbis Mining Pty Ltd, highlighting Orbis’ strong financial performance in FY25 with a 20% revenue increase to $7 million and a 39% profit increase to $2.4 million. The earnout payment, amounting to $800,526, was settled through the issuance of 385,294 XRF shares, reflecting the company’s strategic decision to honor the former Orbis shareholders’ request to receive the earnout entirely in shares, thus reinforcing their commitment to XRF.
The most recent analyst rating on (AU:XRF) stock is a Buy with a A$2.26 price target. To see the full list of analyst forecasts on XRF Scientific Limited stock, see the AU:XRF Stock Forecast page.
More about XRF Scientific Limited
XRF Scientific Limited is an Australian company based in Perth, specializing in the manufacture of equipment and chemicals for sample preparation in industries such as metals and mining, construction materials, and chemicals. The company serves a global market with facilities in Perth, Melbourne, Europe, and Canada, and has a customer base that includes major multinational corporations.
Average Trading Volume: 244,521
Technical Sentiment Signal: Buy
Current Market Cap: A$290.9M
Learn more about XRF stock on TipRanks’ Stock Analysis page.