• Strong underlying growth continues, with revenue up 2% and EBIT up 10%
• Boral margin expansion drives 29% increase in EBIT
• Coates maintains pricing discipline and operational efficiency
• Energy businesses deliver improved production and financial performance

SGH Ltd, an Australian diversified operating company, has reported its financial results for the six months ended 31 December 2024. The company delivered strong underlying growth, with revenue up 2% to $5,513 million and EBIT increasing by 10% to $843 million. The industrial services division, comprising WesTrac, Boral, and Coates, was the key driver of performance, with Boral's margin expansion contributing to a 29% increase in EBIT. WesTrac continued to see revenue and earnings growth, despite a low-single digit reduction in parts prices, while Coates maintained pricing discipline and operational efficiency. The company's energy businesses, including its 30% stake in Beach Energy and wholly-owned SGH Energy, also delivered improved production and financial performance. In the media segment, Seven West Media's revenue and NPAT declined due to a softer advertising market, though the business was able to increase its market share. Overall, SGH demonstrated its ability to execute its disciplined operating model and deliver long-term sustainable value creation for shareholders.