Brickworks (ASX:BKW) Announces Non-Cash Impairment and Earnings Update
Non-Cash Impairment
Brickworks Limited expects to recognise a post-tax non-cash impairment charge of approximately AUD55 million to Brickworks North America in its 1H25 results. The impairment is driven by a 13% reduction in revenue due to declining market conditions and increased competition, resulting in lower EBITDA margins.
1H25 Earnings Update
Property EBITDA is projected to be higher than the previous period, while Building Products Australia expects EBITDA in line with the prior period. Building Products North America anticipates significantly lower EBITDA due to reduced sales and extreme winter weather conditions. Full year results will be released on 20 March 2025.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. 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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