Stealth Group (SGI) AGM 2024 Presentation summary

Company overview and vision

• Celebrating 10 years of growth as a leading Australian distributor in industrial, safety, automotive, workplace, and consumer technology products.

• Aims to be the market-leading alternative to major industry players and the first choice for customers and brands.

• Focuses on providing products for businesses, trade professionals, and consumers across multiple channels.

Strategic growth plan and initiatives

• FY28 strategic plan includes total workplace solutions, team development, customer value, and everyday best price.

• Emphasizes new and exclusive brands, expanded product categories, and direct factory sourcing.

• Launching new hire rental services, loyalty rewards program, and superstore formats.

• Automation, digital tools, and supply chain optimization targeted for efficiency.

Financial performance and targets

• FY25 sales goal set at $159m with 29–35% margin and 1.5–3.0% NPAT.

• FY28 targets: over $300m sales, 8%+ EBITDA, and 5%+ NPAT.

• FY24 margin achieved at 29.6%, with margin expansion from exclusive and own brands.

• YTD FY25 revenue at $51m, up 47%, with strong contributions from recent acquisitions.