Cemtrex Reports Results for Third Quarter Fiscal 2025
Hauppauge, NY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX, CETXP)), a multi-industry technology company focused on security and industrial services, today announced its financial results for the third quarter and nine months ended June 30, 2025, showing substantial improvement in revenue, margins, and profitability compared to the prior year.
"Through the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago," said Saagar Govil, Chairman and CEO. "We've grown sales nearly 20 percent, expanded gross margins by three points, and delivered a $6.6 million year-over-year swing to positive operating income. This improvement is visible in nearly every major metric."
Third Quarter Fiscal 2025 Highlights (three months ended June 30, 2025 vs. 2024)
Revenue increased 16% to $17.0 million from $14.7 million.
Security segment revenue increased 22% to $7.6 million; Industrial Services revenue increased 10% to $9.4 million.
Gross profit increased 25% to $7.37 million, with gross margin improving to 43% from 40%.
Operating loss narrowed to $0.64 million from $3.18 million.
Nine Months Fiscal 2025 Highlights (nine months ended June 30, 2025 vs. 2024)
Revenue increased 19% to $58.0 million from $48.7 million.
Security segment revenue increased 28% to $30.0 million, including a $10.4 million Vicon order.
Industrial Services revenue increased 11% to $27.9 million.
Gross profit increased 27% to $25.24 million, with gross margin improving to 44% from 41%.
Operating income was $1.69 million, compared to an operating loss of $4.95 million last year, a $6.64 million improvement.
Balance Sheet and Liquidity
Cash and equivalents, including restricted cash, increased to $8.15 million from $5.42 million at September 30, 2024.
Working capital was $4.92 million despite higher current maturities of long-term liabilities.
"Our Security segment continues to see encouraging growth, anchored by the largest single order in Vicon's history, while Industrial Services continues to execute at a high level delivering strong growth and margin gains," added Govil. "We have tightened expenses, improved efficiency, and strengthened the balance sheet, all while executing on our growth plan. The difference between this year and last is significant, and we believe we are well positioned to build on this momentum into our next fiscal year."
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a diversified technology company operating in the Security and Industrial sectors. Its Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure. The Industrial segment, through Advanced Industrial Services (AIS), delivers expert rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. With a focus on innovation, execution, and strategic growth, Cemtrex is committed to enhancing safety, efficiency, and value for its customers and shareholders.
For more information, visit www.cemtrex.com.
Investor Relations:
Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading "Risk Factors" contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.
Cemtrex, Inc. and SubsidiariesCondensed Consolidated Balance Sheets
(Unaudited)
June 30, 2025
September 30, 2024
Assets
Current assets
Cash and cash equivalents
$
7,032,530
$
3,897,511
Restricted cash
1,112,829
1,522,881
Trade receivables, net
12,678,928
11,159,676
Trade receivables, net - related party
513,263
685,788
Inventory, net
5,826,243
6,988,529
Contract assets, net
598,151
985,207
Prepaid expenses and other current assets
1,555,663
1,456,687
Total current assets
29,317,607
26,696,279
Property and equipment, net
9,573,374
9,133,578
Right-of-use operating lease assets
1,969,122
1,933,378
Royalties receivable, net - related party
230,143
456,611
Goodwill
3,708,347
3,708,347
Other
2,162,230
2,187,265
Total Assets
$
46,960,823
$
44,115,458
Liabilities & Stockholders' Equity
Current liabilities
Accounts payable
$
4,815,551
$
4,520,173
Sales tax payable
14,575
73,024
Revolving line of credit
2,039,858
3,125,011
Current maturities of long-term liabilities
9,827,991
4,732,377
Operating lease liabilities - short-term
818,486
832,823
Loan from CEO
200,000
-
Deposits from customers
261,671
408,415
Accrued expenses
1,925,794
1,393,902
Accrued payable on inventory in transit
168,717
640,450
Contract liabilities
2,709,590
1,254,204
Deferred revenue
1,329,902
1,297,616
Accrued income taxes
288,848
314,827
Total current liabilities
24,400,983
18,592,822
Long-term liabilities
Long-term debt
8,475,921
13,270,178
Long-term operating lease liabilities
1,200,841
1,159,204
Other long-term liabilities
285,821
274,957
Deferred Revenue - long-term
490,046
658,019
Warrant liabilities
8,255,215
5,199,436
Total long-term liabilities
18,707,844
20,561,794
Total liabilities
43,108,827
39,154,616
Commitments and contingencies
-
-
Stockholders' equity
Preferred stock , $0.001 par value, 10,000,000 shares authorized, Series 1, 3,000,000 shares authorized, 2,705,327 shares issued and 2,641,227 shares outstanding as of June 30, 2025 and 2,456,827 shares issued and 2,392,727 shares outstanding as of September 30, 2024 (liquidation value of $10 per share)
