Company Interview / Clean air, clear profits

Key points:

CleanSpace (ASX:CSX) posts 26% revenue growth and EBITDA improvements in FY25 Significant expansion focus on US, Asia Pacific, and additional European markets Powered air purifying respirators target industrial safety sectors Global market forecast to grow at 6.75% CAGR, reaching $3.8 billion USD by 2030

Gabrielle O'Carroll from CleanSpace Technology reports positive momentum for the respiratory protection manufacturer, noting a 26% increase in revenue to nearly $20 million in FY25. O'Carroll highlights an EBITDA improvement of $3.5 billion, with the company turning EBITDA-positive in the second half after significant losses the previous year. Gross margins also rose to 75%, attributed to efficiency measures, and O'Carroll projects CleanSpace will remain profitable in FY26 as it targets ongoing revenue growth above 20%.

O'Carroll outlines CleanSpace's strategic focus on the industrial sector, aiming to expand in Asia Pacific, the United States, and Europe. The European market currently delivers 58% of total revenue, while recent US expansion includes recruitment of a specialised sales team and an enhanced distributor network. O'Carroll expects these moves to further strengthen CleanSpace’s presence as regulatory requirements for worker safety increase demand for advanced respiratory protection.

CleanSpace manufactures powered air purifying respirators—head-mounted devices providing filtered air to industrial workers exposed to harmful particulates and gases. O'Carroll sees significant growth opportunities, especially as global awareness rises around worker safety in mining, infrastructure, and emergency services. The addressable market for such devices is expected to grow by 6.75% annually, reaching $3.8 billion USD within five years.