Redox (RDX) investor relations material

Executive summary

• Sales/revenue grew 6.6% year-over-year to AUD 674 million (or $673.6 million), driven by acquisitions, organic growth, and strong industrial and food segment performance, especially in North America and APAC.

• Gross profit increased 5.9% to AUD 145 million (or $144.6 million), with margins stable at 21.5%, reflecting disciplined cost management and a resilient operating model.

• Net profit after tax rose 8.9% to $43.8 million, with after-tax ROIC improving to 14%, up 0.5 percentage points year-over-year.

• Interim dividend of 6.5 cents per share declared, representing a 78% payout of NPAT, within the 60%-80% target range, payable on 25 March 2026.

• The business remains focused on organic growth, disciplined cost management, and strategic M&A, especially in North America.

Financial highlights

• Underlying EBITDAFX increased 4.7% to AUD 65 million (or $64.6 million), with controlled cost growth.

• Free cash flow conversion improved to 91.4%, up from 19.7% in the prior year, due to lower inventory from shipment timing.

• Net cash and cash equivalents stood at AUD 145 million (or $145 million), with zero net debt.

• Basic EPS rose 8.9% to 8.3 cents per share.

• Operating expenses rose by AUD 6 million to AUD 85.8 million, mainly from staff and compliance costs.

Outlook and guidance

• Management expects continued growth in North America and APAC, with further M&A opportunities under consideration and a focus on disciplined execution and diversification.

• Upward pricing pressure anticipated in the second half due to supply reductions and stable demand.

• Diversified portfolio and strong balance sheet position the company to act decisively on strategic opportunities.