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Structural Monitoring Systems plc ASX:SMN

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

31 Dec 2024 to today

Commentary 2 comments

DateManagerActionSummary

31 Jul 2025DMX Asset ManagementHeldDMX Asset Management continues to hold Structural Monitoring Systems plc because the company delivered what it described as a breakout second-half FY25 performance, with NPAT of $3.1 million compared to $0.1 million in H2 FY24. DMX Asset Management notes that of SMN's total FY25 EBITDA of $5.0 million, $4.9 million was generated in the second half, implying a full-year EBITDA run-rate of approximately $10 million and an NPAT run-rate of $6 million. Additionally, the company is progressing FAA certification for its Comparative Vacuum Monitoring technology — which could significantly reduce airframe structural health monitoring inspection costs — with Delta Airlines and Boeing involved in the process, and a material contractual payment from Delta expected upon FAA accreditation.

SaaSMonthly Report, price recorded $0.53

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31 Dec 2024DMX Asset ManagementHeldThe fund manager continues to hold Structural Monitoring Systems (SMN), noting the company is on the verge of securing FAA approval for its Comparative Vacuum Monitoring (CVM) technology for the Aft Pressure Bulkhead on 737 aircraft, with the company indicating approval is expected in early 2025. The manager notes this milestone will unlock revenue from Delta and the broader aviation maintenance market, with the technology significantly reducing aircraft maintenance downtime.

Monthly Report, price recorded $0.48

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on SMN.

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About Structural Monitoring Systems plc

Information Technology, Electronic Equipment, Instruments and Components

Structural Monitoring Systems (ASX:SMN), an aerospace sensor technology company, has reached a profitability breakout according to DMX Asset Management. In July 2025, DMX reported a breakout second half for FY25, with net profit of $3.1 million compared with $0.1 million a year earlier, reflecting strong operating leverage. In December 2024, DMX noted the company was on the verge of securing approval for its Comparative Vacuum Monitoring technology, a structural health monitoring system originally designed for aircraft. Structural Monitoring Systems operates in the Information Technology sector within the Electronic Equipment, Instruments and Components industry, and Thesis Tracker has captured 2 comments from 1 fund manager, DMX Asset Management. Founded in 1995 and headquartered in Nedlands, Perth, Structural Monitoring Systems manufactures crack detection sensors and structural health monitoring solutions for aerospace customers and produces electronic components through its Anodyne Electronics Manufacturing subsidiary in Canada.

Market cap: $51m
Price to earnings: 27.1x
Return on equity: 11.1%
Dividend yield: 0.0%
Price to book: 2.58x
Net margin: 7.5%
52-week range: $0.31 to $0.46

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Structural Monitoring Systems plc (ASX:SMN)?

Fund managers including DMX Asset Management have invested in Structural Monitoring Systems plc (ASX:SMN).

What opportunities or catalysts do fund managers highlight for Structural Monitoring Systems plc?

DMX highlights strong operating leverage driving a sharp rise in profit and potential regulatory approval for its Comparative Vacuum Monitoring technology, which could open new aerospace applications.

What are the key risks to the Structural Monitoring Systems plc investment thesis, according to fund managers?

The available commentary is positive and does not set out specific risks, though commercial adoption depends on aviation regulatory approvals and customer uptake.

What does Structural Monitoring Systems plc (ASX:SMN) do?

Structural Monitoring Systems Plc, founded in 1995 and headquartered in Nedlands, Australia, specializes in manufacturing and selling crack detection sensors and structural health monitoring solutions. Operating under the Comparative Vacuum Monitoring (CVM) brand, the company serves the aerospace and industrial sectors. The firm manages its business through three primary segments: CVM IP, Avionics, and CVM. The company provides advanced instrument products designed for structural integrity management, positioning itself as a technical provider in the global structural health monitoring market.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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