ADVANCED BRAKING TECHNOLOGY LTD (ABV) - ABT Shows How Better Braking Lifts Safety And Margins Artwork

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ADVANCED BRAKING TECHNOLOGY LTD (ABV) - ABT Shows How Better Braking Lifts Safety And Margins

August 25, 2026 • Andrew Musgrave

0:00 | 10:00

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If a braking system can prevent incidents, cut maintenance, and even reduce emissions, why wouldn’t every mine be looking at it harder? We sit down again with Andrew Booth, Managing Director and CEO of Advanced Braking Technology (ASX: ABV), to unpack what’s driving the company’s momentum and where mining safety technology is heading next.

We talk through ABT’s safety-critical braking solutions designed and manufactured out of Western Australia, including the BrakeSAFE range built on its patented Sealed Integrated Braking System (SIBS). Andrew explains why mines across Australia, North America, Africa and Asia are focused on the same pressure points: safety, reliability, automation readiness and lifecycle cost. We also dig into the FY26 performance highlights, including record quarterly revenue, stronger profitability, and what improving gross margins can signal as an industrial technology business scales.

A big part of the story is what happens after the first sale. We explore how ABT’s growing installed base supports recurring aftermarket revenue through spares, consumables and service, plus the role refurbishment can play in extending asset life and supporting sustainability targets. Then we shift to BRAKEiQ, ABT’s autonomous braking initiative, and why moving from warning-based collision avoidance to active vehicle intervention could be a major step-change for existing fleets that already run proximity detection systems.

If you found this useful, subscribe to ASX Briefs, share the episode with a mate in mining or industrial tech, and leave us a review so more listeners can find the show.

Andrew Musgrave

Welcome again to ASX Briefs, and today we welcome back Andrew Booth, the Managing Director and CEO of Advanced Braking Technology, a Perth-based company that designs, manufactures and distributes innovative safety-critical braking solutions for global mining, defence, civil construction and waste management industries. Andrew, great to have you with me again and welcome back to the ASX Briefs Podcast.

Andrew Booth

Thanks for having me.

Andrew Musgrave

Now, Andrew, for listeners that may be new to ABT, could you give us a brief overview of the business, your core safety braking solutions, and the key global markets you serve?

Andrew Booth

Yeah, sure. So, at ABT, we design, manufacture, and distribute specialist safety critical braking solutions from our headquarters in Western Australia. And that is all about having products that are deployed across demanding operating environments worldwide. We focus on engineering safer, smarter braking technologies for industries where vehicle safety, reliability, and performance are absolutely mission critical, particularly in mining. Our flagship BrakeSAFE range is built on our patented Seal Integrated Braking System, and the acronym there is SIBS. It combines fail-safe braking performance with durability in some of the harshest conditions in the world. And that includes here in Australia, North America, Africa, and Asia as our strategic global regions. BrakeSAFE SIBs can also reduce our operators' vehicle emissions by up to 25%, whilst also lowering maintenance requirements and improving the total cost of ownership for underground operators.

Andrew Musgrave

And Q4 was another record quarter for the company with product sales revenue reaching over $6 million, up 10.7% on the prior corresponding period, bringing unaudited total FY26 revenue to $23.5 million. So, what drove this revenue momentum and how pleased are you with the full year trajectory?

Andrew Booth

Yeah, we're very pleased with our results in F26. It included that record quarterly revenue in Q4. We keep breaking records, which is very exciting. That momentum is really driven by continued demand for our safety critical breaking solutions, a growing global install base, and disciplined operational execution, as well as stronger engagement across both domestic and international markets. Our normalized unaudited net profit before tax for Q4 was about $650,000, and that was up about 80% on the prior corresponding period. And our gross margins reached a record 50.7%. And that's a really good reflection, I think, on scalability of our operating model and the quality of our product mix as our business continues to grow.

Andrew Musgrave

And with cash reserves expanding to 5.63 million at the period end, up from $2.9 million a year ago, how does this balance sheet strength underpin your expansion plans heading into FY27?

Andrew Booth

Yeah, so it gives us greater flexibility and it supports continued investment, of course, in research and development. That doesn't stop for ABT. Our international market development, our strategic customer engagement, and the expansion of our in-store base and the aftermarket revenue platform all benefit from having a stronger balance sheet.

Andrew Musgrave

And your aftermarket revenue mix delivered another solid quarter at 2.33 million. How is this continuous growth of your installed footprint driving predictable recurring revenue across spares, consumables, and servicing?

Andrew Booth

Yeah, so the install base is a very important part of the ABT model. As an OEM, a significant proportion of our revenue is generated after the initial brake sale through spares, consumables, and service support. So, for every brake that we sell, we typically have the opportunity to generate a further life cycle revenue over its three-to-four-year operating life.

Andrew Musgrave

And as mining operators look to extend vehicle life and optimize operating costs, how are your refurbishment programs and aftermarket initiatives performing across domestic and key international customer fleets?

Andrew Booth

The refurbishment program is performing really well because it does address a really clear customer need, and that is extending the service life of braking systems while reducing replacement cost and supporting sustainability objectives for mine operators. It lets our customers redeploy braking assets across multiple vehicle lives, and that improves return on the original purchase. While refurbishment can defer some new brake sales for ABT, it actually really creates mutual value, and that is in customers getting a lower cost lifecycle solution, and we continue to generate attractive margin product sales while deepening our long-term strategic customer relationships.

Andrew Musgrave

Now, during the quarter, ABT achieved eight key technical and customer engagement milestones for your BRAKEiQ autonomous braking solution. Can you share some colour on these milestones and the interest you're seeing across PDS OEMs and fleet operators?

Andrew Booth

Sure. BRAKEiQ is continuing to attract interest because we believe it addresses one of the major challenges facing mining operators, and that is moving from warning-based collision avoidance systems to active vehicle intervention, practically deployable across existing fleets and that's the magic of BRAKEiQ. This period's milestones include continued work and discussions with PDS OEMs, that's proximity detection technology OEMs, as well as strategic partners. And these include Sandvik and uTRACs and LoopX, as well as engagement with major mining and contracting groups such as BHP, Vale, Red Path, Cementation, and a number of others. This engagement reflects growing market recognition of the need for autonomous braking capability that integrates with existing proximity detection and collision avoidance systems as operators are moving towards higher levels of automation and safety compliance.

Andrew Musgrave

Looking now at the international market, Q4 saw heightened strategic engagement across North America, Africa, and the Asia-Pacific region. What are you learning from these global conversations and where do you see the most immediate opportunities for international growth?

Andrew Booth

Yeah, so the underlying drivers are very consistent globally. Mining operators are focusing on safety, productivity, automation readiness, and reducing life cycle cost. And that's creating opportunities for ABT across established mining markets as well as priority international regions. Historically, ABT has been best known as an underground mine safety OEM, but our portfolio is now evolving to support both underground as well as surface applications, and that's broadening our addressable market and materially increasing the scale of the business over time.

Andrew Musgrave

Now, finally, Andrew, entering FY27 with a strong balance sheet and expanding global footprint. How would you describe the company's strategic priorities and growth profile for the year ahead?

Andrew Booth

ABT enters F27 with as a stronger business than it was 12 months ago. That's undeniable. And we've delivered record revenue, we've strengthened our balance sheet, we've expanded our international footprint, and we've continued to invest in technologies and operating capability required to support the next phase and horizon of growth for the business. Our priorities are pretty clear. We want to deepen our presence in established mining markets, as well as selectively expand into priority international regions. We want to grow our life cycle revenue through aftermarket and refurbishment because that really resonates with the dashboard needs of mining operators. And we want to commercialise that next generation of ABT technologies. And that includes break IQ. So, our focus is on disciplined commercial deployment here, whilst we also continue to advance our own SIBS IQ technology through customer adoption. At the same time, we're scaling the operating platform for ABT, we're strengthening our supply resilience, and that's delivering cost competitiveness as well as expanding and growing our organizational capability. And the long-term drivers supporting mine safety, automation, and productivity remain pretty compelling. And our focus, therefore, is on disciplined execution, commercialising that next generation of technologies, and expanding our market presence and growing our aftermarket revenue.

Andrew Musgrave

Okay, Andrew. Well, it's been great to have you back on the podcast. Plenty of momentum for the company at the moment, and we look forward to further updates in the upcoming months.

Andrew Booth

Thanks, Andrew. Cheers.

Andrew Musgrave

That concludes this episode of ASX Briefs. Don't forget to subscribe, and we look forward to catching you on our next episode.