Supply Network (SNL) H1 2025 earnings summary

Executive summary

• Group sales revenue for the half-year ended 31 December 2024 was $171.2m, up 17.8% year-over-year.

• EBIT rose 29.8% to $29.1m, and profit after tax increased 31.6% to $19.8m compared to the same period last year.

• Net assets at 31 December 2024 were $120.8m.

• Interim dividend of 32.0 cents per share, fully franked, declared and payable on 4 April 2025.

Financial highlights

• Revenue grew to $171.2m from $145.3m year-over-year.

• Profit after tax reached $19.8m, up from $15.0m year-over-year.

• Basic EPS was 46.21 cents, up from 36.00 cents in the prior year period.

• Operating cash flow was $20.4m, up from $7.8m year-over-year.

• Net increase in cash and cash equivalents of $14.7m during the half-year.

Outlook and guidance

• Interim dividend of 32.0 cents per share declared, with Dividend Reinvestment Plan to operate.

• No other material events or changes in outlook reported post-period end.