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Pact Group (PGH) investor relations material
Pact Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined 1.9% year-over-year to $1,821.7 million, with underlying NPAT down 16% to $37.7 million and statutory NPAT down 68.5% to $23.6 million.
Net debt increased by $76.4 million to $495.3 million, and gearing rose to 3.0x from 2.5x.
The company delisted from the ASX in July 2025 following shareholder approval.
No final dividend was declared for FY25.
Financial highlights
Underlying EBITDA fell 6.2% to $249.1 million, and underlying EBIT dropped 10.4% to $138.5 million year-over-year.
Operating cash flow decreased 43.6% to $66.4 million, mainly due to lower EBITDA and higher finance and tax costs.
Capital expenditure was $119.4 million, focused on packaging upgrades and recycling infrastructure.
No dividends were paid in FY25; franking credits available for future periods total $24.6 million.
Outlook and guidance
The company continues to focus on core growth areas, expanding recycling capabilities, and leveraging regional scale.
Ongoing review of the Asian packaging and closures business is underway.
Supply chain disruptions from the closure of Qenos have normalized in the second half of FY25.
- Net profit surged to $74.9 million on improved EBIT and a major asset sale, despite lower revenue.PGH
H2 202430 Mar 2026 - Directors faced re-election amid shareholder scrutiny of governance and board performance.PGH
EGM 20243 Feb 2026 - Shareholder dissent on remuneration triggered a spill resolution and extraordinary meeting.PGH
AGM 202414 Jan 2026 - Shareholders approved delisting from the ASX, with strong board support and 90.73% proxy backing.PGH
EGM 202511 Nov 2025 - Underlying profit rose but statutory net profit plunged on divestments and restructuring.PGH
H1 20255 Jun 2025
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