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Shine Justice (SHJ) investor relations material
Shine Justice H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed a major strategic and organizational restructure, including new CEO and CFO appointments and exit from non-core areas, with the MD focusing on international mass torts strategy.
Revenue from operations grew to $204.4M, up from $195.7M year-over-year.
Adjusted EBITDA declined to $38.4M from $45M, and adjusted NPAT fell to $9.7M from $14.5M, mainly due to increased provisions and higher employee benefits.
Accelerated international mass torts strategy, establishing a US hub and expanding into New Zealand.
Significant investment in emerging technologies, including an AI-driven technology center and Salesforce integration.
Financial highlights
Revenue increased by $8.7M year-over-year to $204.4M, driven by core practice areas.
Adjusted EBITDA decreased by $6.6M to $38.4M, impacted by higher employee benefits and WIP constraints.
Operating cash flow was $30.6M, down from $51.8M due to prior year one-off class action cash injections.
Net debt rose to $53.6M, mainly from reclassifying $18.8M from disbursement funding to borrowings.
Final fully franked dividend of 3.5¢ declared, with total FY25 payout of 5¢.
Outlook and guidance
FY26 focus on executing growth in personal injury and class actions, leveraging technology and international expansion.
Expecting improved fee recovery, further international mass torts filings, and portfolio litigation funding to smooth cash flows.
Revenue and EBITDA margin growth anticipated, especially in the second half of FY26.
Continued investment in emerging technologies and US International Mass Torts strategy.
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