Juniper Networks Australia recorded higher revenue in 2025 but reported lower profit as rising operating costs weighed on earnings.
The company posted revenue of USD $138.7 million for the year ended 31 December 2025, up from USD $133.0 million in 2024. Revenue increased by about 4.3% year-on-year.
Profit after tax fell to USD $3.1 million from USD $3.7 million a year earlier. Profit before income tax declined to USD $5.4 million from USD $6.1 million.
Revenue growth
The business generated all of its reported revenue from contracts with customers.
Revenue growth outpaced the increase in cost of sales. Cost of sales rose to USD $97.5 million from USD $99.4 million in the previous year.
As a result, gross profit increased to USD $41.3 million, compared with USD $33.6 million in 2024. The improvement in gross profit lifted the company's gross margin and provided a stronger base for operating earnings.
Expense impact
Administrative expenses remained the highest operating cost. These expenses increased to USD $39.0 million from USD $30.4 million a year earlier.
Selling and distribution expenses also rose to USD $576,016 from USD $487,360. The company reported other operating income of USD $422,466, compared with an operating expense of USD $117,511 in 2024.
Despite the stronger gross profit result, higher operating costs reduced the benefit of revenue growth. Operating profit slipped to USD $2.1 million from USD $2.6 million in the previous year.
Earnings pressure
Finance income declined slightly to USD $3.3 million from USD $3.5 million.
Finance costs decreased to USD $23,328 from USD $38,019. The reduction in finance costs partially offset lower finance income, but was not sufficient to prevent a decline in pre-tax earnings.
Income tax expense fell to USD $2.3 million from USD $2.4 million.
Net profit for the year consequently declined by around 16% compared with 2024.
Balance sheet
Total assets increased to USD $175.2 million at the end of 2025 from USD $161.4 million a year earlier.
Current assets rose to USD $97.9 million from USD $87.6 million. Contract assets increased significantly to USD $54.0 million, comprising USD $24.8 million in current contract assets and USD $29.2 million in non-current contract assets.
Other non-current assets rose to USD $46.2 million from USD $46.0 million.
Trade receivables were USD $29.4 million, slightly below the USD $30.8 million reported in 2024.
Total liabilities increased to USD $128.1 million from USD $119.7 million.
Trade and other payables rose to USD $34.0 million from USD $28.0 million. Contract liabilities increased to USD $90.4 million from USD $81.4 million when current and non-current balances are combined.
Total equity attributable to shareholders increased to USD $47.0 million from USD $41.7 million.
Retained earnings rose to USD $14.8 million from USD $11.7 million.
Cash position
Net cash generated from operating activities improved to USD $4.0 million from USD $1.8 million in 2024.
Customer receipts increased to USD $157.3 million from USD $132.5 million. Payments to suppliers and employees also rose, reaching USD $155.6 million.
The company reported no investing cash outflows during the year.
Financing activities recorded a net outflow of USD $18.2 million. This was primarily due to a USD $17.4 million loan provided to related parties and lease liability repayments.
Cash and cash equivalents at year-end stood at USD $21.9 million, down from USD $35.7 million at the end of 2024.
Equity increase
Shareholders' equity increased by nearly 13% during the year.
The rise was supported by annual profit and by USD $2.2 million in share-based payment transactions recorded in the employee equity-settled benefits reserve.
Foreign currency translation gains of USD $47,169 were also recognised during the period.
The results show a business that continued to expand revenue and strengthen its balance sheet, although higher administrative and operating costs reduced profitability during 2025.