• Revenue of $5.5bn, up 2%
• EBIT of $843m, up 10%
• Interim dividend of 30 cents per share, up 30%
• Maintained FY25 EBIT growth guidance of 'high single-digit'

SGH Ltd (ASX:SGH) has announced its financial results for the six months ended 31 December 2024, achieving full ownership of Boral and significant earnings growth in variable market conditions. Revenue of $5.5 billion was up 2%, driven by strong capital sales and service activity at WesTrac, partially offset by marginally lower revenue at Boral and Coates. EBIT of $843 million was up 10%, reflecting earnings growth at Boral, Beach and WesTrac, delivered through disciplined execution and an ongoing focus on cost control. Underlying NPAT of $508 million was up 7%. SGH completed the acquisition of Boral early in the half, and the company is pleased with Boral's continued progress on the performance journey to achieve mid-teen EBIT margins. SGH increased the interim dividend by 30% to 30 cents for the half, consistent with its approach to deliver a stable and growing dividend over time. The company continues to see solid customer demand across its core sector exposures of Industrials and Energy, and the outlook for these sectors, along with the strong HY25 result, gives SGH confidence in its full-year earnings guidance of high single-digit EBIT growth for FY25.

SGH guidance of 'High single-digit EBIT growth in FY25' maintained.

At WesTrac, underlying growth in services activity, coupled with a strong capital sales pipeline supports the earnings outlook. At Boral, volume is expected to remain under pressure in FY25, while cost discipline, operating efficiencies, and improved customer service support the outlook. At Coates, South trading conditions remain challenging, while infrastructure activity in other regions, ongoing cost-out, and the fleet profile support the outlook. At Beach, the strong first-half production supports the narrowed FY25 guidance of 18.5 to 20.5 mmboe.