While I'm not adding to the comp with PPK. Next 3 months for PPK could get interesting. I can see big growth in the full year revenue coming, and next FY will continue to grow IMO. Battery fund for PPE will be good, and people don't actually have to wait for July 1st, they can claim battery now on July 1st, so growth starts already. Keep it on your watchlist. 60c+ undervalued.
I think we are going to see PPK take off again soon. I have looked at this report and compared and the growth is amazing.PPK offers a strong investment opportunity IMO, Craig International Ballistics (CIB) and PowerPlus Energy (PPE). With CIB’s possible revenue of $40–45 million in FY25 and PPE’s expansion in the energy storage market, bolstered by Australian government battery funding starting July 1, 2025, PPK is well-positioned for significant value creation.
CIB
CIB could achieve $40–45 million in revenue for FY25, a substantial increase from $13.415 million in FY23, driven by a fivefold turnover surge in the first half of FY25 (ASX Release, 26 Feb 2025). This alone will get people talking!
Major Contracts: A $30 million Australian Defence Force (ADF) contract for body armor, likely contributing $15–20 million in FY25, highlights strong demand
Advanced Technology: The commissioning of a state-of-the-art hydraulic press—one of the largest in the Southern Hemisphere—and an autoclave boosts CIB’s capacity to produce advanced composite armor
Market Position: As a key supplier to the ADF and police forces, CIB capitalizes on Australia’s emphasis on sovereign defense capabilities, supported by a robust order book .
Financial Impact: With a historical EBITDA margin of 21.9% (FY23), CIB’s projected revenue could yield $8.76–$9.86 million in EBITDA, enhancing PPK’s financial performance
PPE
Market Leadership: PPE, a 51%-owned subsidiary, is a leading Australian manufacturer of lithium ferro phosphate (LFP) battery storage systems, meeting rising demand for on-grid and off-grid energy solutions
Product Innovation: The August 2024 launch of the Eco4847P battery, with 4.7kWh capacity, and the Whispr-7 hybrid system (7kW inverter, 13.4kWh storage) strengthen PPE’s residential and commercial offerings
Market Opportunities: Clean Energy Council approval for the LiFe4838P battery unlocks on-grid solar market potential, aligning with Australia’s clean energy transition
Revenue Contribution: PPE added $5.081 million to PPK’s FY23 revenue post-acquisition, and then $27.471 million in '24 with further growth expected as production scales and distribution expands
Australian Battery Funding: From July 1, 2025, the Australian government’s Cheaper Home Batteries Program will provide a 30% discount on battery installations, reducing costs for households and businesses. PPE’s CEC-approved batteries, such as the Whispr-7 and LiFe4838P, are eligible, potentially boosting sales volume and market share as demand for affordable energy storage grows
Revenue Growth: CIB’s $40–45 million possible revenue and PPE’s expanding sales, amplified by federal battery funding, drive PPK’s top-line growth.
Market Trends: Strong defense demand (ADF contracts) and renewable energy growth (battery storage incentives) align with CIB and PPE’s strengths.
Sovereign Capability: CIB and PPE support Australia’s self-reliance in defense and energy, positioning PPK for government-backed opportunities.
That is focusing on the current revenue making companies. Then add in LIS, WGL and BNNT. Can anyone say 60c+ undervalued?
