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Hot Topic Budget 25
Hot Topic Budget 25
Investment
4 mins to read

Rakon seeks satellite ‘springboard’ out of core revenue decline

Timing control manufacturer can’t pivot quickly enough to space and AI uses after sinking to $5.8m loss.

Rakon's Auckland headquarters.

Will Mace Wed, 28 May 2025
Key points
  • Revenue: down 19% to $103.7m
  • Profit/loss: declined by $10.1m to a $5.8m loss
  • Main takeaway: Rakon’s pivot from declining core markets to space and AI still underway.

In asserting that FY26 will be Rakon’s “springboard year”, the company’s CEO Sinan Altug has sought to dive clear of two years of declining revenue and profit, including what he’s described as “one of the most demanding years on record” in FY25.

The NZX-listed oscillator maker reported

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Will Mace Wed, 28 May 2025
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: down 19% to $103.7m
  • Profit/loss: declined by $10.1m to a $5.8m loss
  • Main takeaway: Rakon’s pivot from declining core markets to space and AI still underway.
Rakon seeks satellite ‘springboard’ out of core revenue decline
Investment,
109361
true