Bremworth (BRW) H2 2025 earnings summary

Executive summary

• Revenue increased to $88.9 million for the year ended 30 June 2025, up from $80.3 million year-over-year.

• Profit after tax rose sharply to $18.2 million from $4.6 million year-over-year, driven by insurance settlements and operational recovery.

• Significant insurance income from Cyclone Gabrielle ($42.2 million) and Whanganui fire ($0.5 million) contributed to results.

• Restructuring costs and an onerous contract provision impacted operating expenses.

Financial highlights

• Gross profit was $11.9 million, down from $19.5 million year-over-year, reflecting higher cost of sales.

• Basic EPS increased to 25.82 cents from 6.63 cents year-over-year.

• Net tangible assets per share rose to $0.91 from $0.64 year-over-year.

• Cash and bank balances at year-end were $42.2 million, up from $31.6 million.

Outlook and guidance

• Strategic review of ownership structure underway, with no certainty of transaction.

• Re-entry into synthetic carpet markets and staged reinstatement of Napier plant to drive future growth.

• Focus on cost base review, business simplification, and working capital efficiency.