Boom Logistics (BOL) H1 2025 earnings summary

Executive summary

• Revenue for 1H FY25 reached $131.7 million, up 2% year-over-year, driven by strong project activity in renewables, wind farms, and transmission lines.

• EBITDA increased 5% to $25.5 million, reflecting improved margins, cost control, and operational optimization above 85%.

• Operating NPAT rose 32% to $5.0 million, while statutory NPAT was $19.0 million, including a $14 million deferred tax benefit.

• No lost time injuries recorded; strong ESG progress and labor efficiency at 86%.

• Over $29 million in new and re-signed contracts executed in 1H FY25, with a focus on renewables and resources.

Financial highlights

• Revenue: $131.7 million (+2% year-over-year); EBITDA: $25.5 million (+5%); Operating NPAT: $5.0 million (+32%).

• Statutory NPAT: $19.0 million (includes $14 million deferred tax benefit); Operating EPS up 31% to 12c.

• Net cash flow: $8.5 million (up from $1.6 million prior year); cash from operations: $23.3 million (+25%).

• Net assets: $129.2 million (up 16% from June 2024); NTA per share: $2.77 (+4%).

• Net capex: $21.3 million, with $14.4 million for replacement and $10.9 million for growth assets.

Outlook and guidance

• FY25 guidance: revenue $263 million, EBITDA $51 million, operating NPAT $9 million, statutory NPAT $23 million.

• Targeting double-digit return on net assets, with 8% forecast for FY25.

• Second half operating profit expected up 42% year-over-year; strong diversified pipeline in renewables and infrastructure.

• Continued share buybacks and asset regeneration planned.

• Guidance considered conservative, with confidence in delivering full-year targets.