Ridley Corporation Limited (ASX:RIC) Announces H1 2025 Results
Financial Performance
Ridley Corporation Limited (ASX:RIC) reported a 3.3% increase in revenue from continuing operations, reaching $658.9 million for the half year ended 31 December 2024. EBITDA after individually significant items rose by 9.3% to $50.6 million. Net profit after tax attributable to shareholders increased by 3.5% to $22.2 million.
Dividends
The Board has declared an interim dividend of 4.75 cents per share (cps), fully franked, payable on Thursday 24 April 2025, for a cash outlay of approximately $15.0 million. This follows the previous interim dividend of 4.40 cps and a final dividend of 4.65 cps paid in the corresponding period.
Outlook
Ridley expects earnings growth in FY25 driven by acquisitions, increased volumes, and efficiency savings from operational restructures. The Business Reset initiative aims to deliver $5 million per annum in cost savings from FY26 onwards, with implementation largely complete by the end of FY25.
Motley Fool contributor Abbie Stokes 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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