PRL Global (PRG) H2 2025 earnings summary

Executive summary

• Revenue from continuing operations rose 17% year-over-year to $1.48 billion, driven by strong logistics and fertiliser trading performance, despite weather-related disruptions and a major port closure impacting Christmas Island operations.

• Net profit after tax from continuing operations was $10.9 million, up 32% year-over-year, but total net profit attributable to members fell 50% to $10.89 million due to the prior year’s discontinued operations gain.

• Major leadership transition announced: long-serving Managing Director retiring, new CEO, COO, and CFO appointed, with a streamlined governance model.

• Significant acquisition underway: agreement to acquire Centrex Limited and Agriflex Pty Ltd, expanding phosphate mining footprint.

Financial highlights

• Revenue from continuing operations: $1.48 billion (up 17% year-over-year).

• Net profit after tax from continuing operations: $10.9 million (up 32% year-over-year).

• Earnings per share from continuing operations: 9.51 cents (up from 5.83 cents last year).

• Final dividend declared: 2.0 cents per share; total dividends for FY25: 4.0 cents per share, plus a 5.0 cent special dividend from asset sale.

• Net cash at year-end: $66.6 million; net assets: $249.1 million.

Outlook and guidance

• Christmas Island operations expected to rebound in FY26 with improved volumes and efficiencies.

• Integration of new Queensland phosphate mine (Centrex) targeted for completion by September 2025, with ramp-up to meet market demand.

• Fertiliser prices anticipated to remain stable with solid demand; Malaysian operations and logistics segment expected to continue growth.

• Mining operations on Christmas Island expected to be viable through to 2034.