Lindsay Australia Limited Financial Update and Expansion Initiatives for 1H FY2025

Lindsay Australia Limited (ASX: LAU) reported a 4.3% increase in group revenue to AU$435.7 million for the first half ending 31 December 2024, driven by strong performance in the Rural division and an additional month of trading from WB Hunter. However, underlying EBITDA declined 9.2% AU$4.8 million due to macroeconomic challenges, rising competition, weather disruptions, and higher operating costs. The Transport division saw a slight revenue decline of 0.7% (AU$296 million), but revenue increased by 4.5%, excluding fuel recoveries.

Meanwhile, Rural sales grew by 7.4% to AU$85.1 million, leading to 13.3% EBITDA growth (AU$4.8 million), and WB Hunter contributed AU$50.8 million in sales, despite challenging market conditions. The company declared a fully franked interim dividend of AU$2.3 cents per share, up 9.5% from the prior period. Strategic initiatives include expanding into South-West WA by acquiring GJ Freight and entering the Goulburn Valley region in Victoria. With AU$22.2 million invested in fleet and infrastructure, Lindsay is strengthening its network to support long-term growth.

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