Boom Logistics (ASX:BOL) Announces 1H FY25 Results
Financial Performance
Boom Logistics reported 1H FY25 revenue of $131.7 million, a 2% increase compared to 1H FY24. EBITDA reached $25.4 million, up 5% year-on-year. Operating NPAT was $5.0 million.
Contract Wins
The company secured $29 million in new and renewed contracts, primarily in the resources and renewables sectors.
Cash Flow and Capital Return
Boom Logistics achieved a net cash flow of $8.5 million in 1H FY25, an increase of $6.9 million compared to the same period last year. The company returned $1.4 million to shareholders through share buybacks.
Strategic Outlook
Boom Logistics aims to deliver improved returns to shareholders with a full-year revenue forecast of $263 million and operating NPAT of $9.0 million. The company plans to continue its share buy-back scheme and focus on key growth sectors such as renewables and transmission lines.
Motley Fool contributor Matt Burgess 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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