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Highlights
- Harvest is progressing ahead on its 3-year profit roadmap
- NEON, an AI-enabled edge solution, is slated for FY26 launch
- Strategic moves target global scalability and capital market exposure
Harvest Technology Group (ASX:HTG) has made a pivotal announcement, revealing that it is significantly ahead of schedule in achieving its profitability objectives. The company is tracking one year early on its 3-Year Pathway to Profit strategy, marking a noteworthy milestone in its transformation journey. As part of this progress, Harvest expects to cut its FY25 EBITDA loss by over 50% compared to FY24. This improvement is attributed to better operational efficiency, increased margin capture, and a refined cost structure.
Product Innovation Anchoring Future Growth
Central to Harvest’s long-term vision is the upcoming launch of NEON, an Edge AI-driven platform designed to enhance remote operational capabilities. Scheduled for rollout in the first half of FY26, NEON combines high-performance edge computing with secure video/audio recording, playback, and transmission. This innovation extends Harvest's stronghold in ultra-low bandwidth livestreaming and remote communications — a sector increasingly critical in high-stakes environments such as defence, marine, and industrial operations.
Expanding Global Reach and Strategic Focus
To strengthen its recurring revenue streams, Harvest is emphasizing software licensing and bundled solution offerings. These initiatives are supported by a revised go-to-market approach that prioritizes high-growth sectors including Marine, Defence, and Industrial. The company is also capitalizing on increasing demand from global defence integrators, reinforcing its market presence through a strong pipeline of strategic interest.
In a strategic move to broaden its investor base and enhance global liquidity, Harvest has commenced dual trading on the Frankfurt Stock Exchange under the ticker (FSE:HTE). This step opens the doors to European capital markets, positioning the company for increased visibility and access to international funding opportunities.
Positioned for Scale with Operational Resilience
Harvest has undertaken significant steps to align its operations with the demands of a scalable global enterprise. By restructuring its cost base and optimizing its technology delivery, the company is primed to capture opportunities driven by global energy and defence megatrends. Its evolution from telemetry-focused solutions to secure, real-time multimedia transmission technologies underpins its strengthening market posture.
As an emerging player in the remote communications space, Harvest Technology Group reflects the type of innovation-focused company increasingly seen among S&P/ASX 300. These businesses are often marked by agile strategies, global ambition, and a robust commitment to tech-driven transformation — characteristics well-aligned with HTG’s roadmap.
With a clear trajectory toward profitability, forward-thinking innovation, and expanding international presence, Harvest Technology Group (ASX:HTG) continues to reinforce its position as a company to watch within the evolving ASX technology landscape.
