Supply Network (SNL) H2 2025 earnings summary

Executive summary

• Sales revenue reached $348.8m, up 15.3% year-over-year, with net profit after tax of $40.0m, reflecting an 11.4% PAT margin and EPS of 92.95 cents, up from 78.61 cents last year.

• Growth was consistent across regions, with Australia up 15.8% and New Zealand up 12.6% in local currency.

• Major investments included new branches in Wangara and Karratha, WA, and expanded distribution capacity in Truganina, Victoria.

• Safety performance improved, achieving a record low Lost Time Injury Frequency Rate.

Financial highlights

• EBITDA rose 17.7% to $68.8m; EBIT increased 18.4% to $58.4m; net profit after tax up 21.2% to $40.0m.

• Dividend payout for the year was 70.0 cents per share, fully franked, with a payout ratio of 75.3%.

• Net assets grew to $138.2m, and net tangible asset backing rose to $3.18 per share.

• Operating cash flow doubled to $32.2m; net cash position improved to $14.9m from net debt of $3.7m last year.

Outlook and guidance

• Targeting similar revenue growth of around $50m for FY2026, with focus on organic growth and ERP system migration.

• Continued expansion of branch network and service capabilities in both Australia and New Zealand.