F.F.I. Holdings Limited (ASX:FFI) Reports Half-Year Financial Results
Financial Performance
F.F.I. Holdings Limited reported revenue of $30.25 million for the half year ended December 31, 2024, marking a 7.5% increase from the previous period. Net profit after tax rose by 7.6% to $1.83 million. Earnings before interest and tax grew by 15% to $2.72 million, driven by strong performance in the food operations segment, which saw sales increase by 7.7% to $29.4 million and net profit before tax up by 13.4% to $2.33 million.
Dividend Announcement
The Company declared an interim dividend of 10.0 cents per share, fully franked at a 30% tax rate, payable on April 17, 2025, with a record date of April 7, 2025. This marks an increase from the previous corresponding period, which had no interim dividend. Additionally, the Dividend Reinvestment Plan has been recommenced, offering a 5.0% discount with a price cap of $3.75 per share. Shareholders can submit their DRP election notices by April 10, 2025.
Future Outlook
F.F.I. Holdings Limited maintains a positive long-term outlook, supported by a strong financial position with net assets of $45.1 million and net tangible assets per share increasing to $4.14. The Board and management are focused on enhancing operational performance and pursuing initiatives aimed at achieving further growth.
Motley Fool contributor Lianne Eastty 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 no position in any of the stocks mentioned. 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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