Ansell Limited (ASX:ANN) Announces Half Year Results and Interim Dividend
Financial Performance
Ansell Limited reported revenue of $1,019.7 million for the six months ended 31 December 2024, marking a 29.9% increase. Operating profit after tax attributable to members surged by 183.5% to $55.0 million, with net profit also up by 183.5% to $55.0 million.
Dividends
The Board of Directors declared an interim dividend of 22.20 US cents per share unfranked, payable on 6 March 2025. The record date for determining dividend entitlements is set for 17 February 2025.
Strategic Acquisitions
On 1 July 2024, Ansell completed the acquisition of Kimberly-Clarkâs Personal Protective Equipment business (KBU) for $635.1 million. KBU contributed $140.9 million in sales revenue and $34.8 million in EBIT for the half year.
Operational Achievements
The Accelerated Productivity Investment Program (APIP) achieved $22.0 million in pre-tax savings in FY25 H1, contributing to a cumulative saving of $43 million over twelve months. Healthcare segment sales increased by 16.3% organic, and Industrial segment sales grew by 8.1% organic.
Future Outlook
Ansell expects continued sales growth in FY25 H2, with EBIT supported by pricing strategies and initial synergies from the KBU acquisition. The group maintains strong liquidity, with $488.6 million in undrawn debt facilities and $268.9 million in cash as of 31 December 2024.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ansell. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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