Lindsay Australia has released its financial results for the first half of financial year 2025.
The company reported a group revenue of $432.8 million, which was a 3.6 per cent increase over the first half of financial year 2024.
Additionally, Lindsay’s Rural revenue rose by 7.4 per cent year-on-year (YOY) to $85.1 million, while its half-year dividend grew by 9.5 per cent to 2.3 cents per share.
The business reported an underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) figure of $47.3 million which was down by 9.2 per cent YOY.
Underlying earnings per share were also down by 20.7 per cent from last year to five cents per share.
Underlying net profit after taxes (NPAT) was recorded at $15.8 million, 19.6 per cent lower than H1 last year.
Lindsay Australia has attributed many of these financial declines to economic hardship being faced across the sector as well as natural disruptions to the supply chain.
“Operational headwinds are expected to continue in the second half, driven by industry-wide capacity expansion, pricing pressures, weather disruptions and subdued demand,” the Lindsay Australia Board of Directors said.
“Recent weather-related challenges in North Queensland have impacted operations, adding further complexity to the region’s recovery.”
In spite of these challenges, the company remains committed to its three strategic pillars – growing its network, transformation, and performance and sustainability to deliver long-term results.
“Lindsay’s strong network, scalable asset portfolio, and robust balance sheet provide flexibility to continue to capture market share through both organic expansion and strategic acquisitions,” the Board of Directors said.
In other news, Lindsay Australia has announced its acquisition of integrated logistics and packaging business, GJ Freight.
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