Boom Logistics (BOL) H1 2025 earnings summary

Executive summary

• Revenue reached AUD 131.7 million for the first half, up 2% year-over-year, driven by strong project activity in wind farms and transmission lines.

• Operational NPAT rose 32% to AUD 5 million, with statutory NPAT at AUD 19 million due to a AUD 14 million deferred tax benefit.

• EBITDA improved to AUD 25.4 million, up 5% year-over-year, reflecting margin growth, cost control, and operational optimization.

• Share buyback of AUD 1.4 million completed in the first half.

• No lifetime injuries or lost time injuries recorded; strong ESG and safety progress with greenhouse gas and materiality assessments.

Financial highlights

• Earnings per share increased 31% year-over-year to 12c.

• Net cash flow of AUD 8.5 million, up from AUD 1.6 million last year, with cash at bank of AUD 14.7 million as of 31 Dec 2024.

• CapEx of AUD 21.3 million, mostly front-loaded in the first half due to improved supply chain.

• Net assets grew to AUD 129.2 million, supported by improved P&L and asset rejuvenation, with NTA per share up 4% to AUD 2.77.

• EBIT increased by AUD 1.5 million (21%) to AUD 8.5 million year-over-year.

Outlook and guidance

• FY25 guidance: AUD 263 million in revenue, AUD 51 million in EBITDA, and AUD 9 million in operating NPAT, with upgraded targets.

• Targeting double-digit return on net assets through strategic pricing, margin management, and investment in growth markets.

• Second half operating profit expected to be up 42% year-over-year.

• Guidance considered conservative, with confidence in delivering full-year targets.

• Continued focus on renewables and transmission line sectors, with ongoing share buybacks and asset regeneration.