Lynch Group (LGL) Trading Update summary

Australian operations

• Achieved strong revenue growth, especially during major second-half events like Mother's Day, with high in-store sell-through and record volumes handled by production teams.

• Year-to-date Australian revenue rose 6% compared to FY24, with EBITDA margin performance consistent with the prior year.

• The second half included a -$0.8 million EBITDA impact from lost sales and stock waste due to Cyclone Alfred-related store closures, partially offset by the addition of 50 new SOR stores in Q4.

China operations

• China revenue increased 16% year-to-date versus FY24, driven by higher pricing for roses and tulips and concentrated demand events between January and May.

• EBITDA in China exceeded the prior year, with improved market conditions and consumer demand despite global trade uncertainty.

• Management remains focused on optimizing sales channels, operational efficiency, and cost control.

Group outlook

• Forecasts group revenue growth of around 7% for FY25.

• Expects group EBITDA in the range of $42m–$43m, excluding costs related to Australian farm closure and SAP upgrade.

• CEO highlighted pleasing second-half results in both Australia and China, with China showing gradual demand recovery and improved pricing during event windows.