• Revenue down 3.3% to $211.5m, but up 8.0% on 2H FY24
• EBITDA margin of 7.0%, down on pcp but up 17.5% on 2H FY24
• $20.0m non-cash impairment charge on intangible assets

Big River Industries Limited reported revenue of $211.5m for the half-year ended 31 December 2024, down 3.3% on the prior corresponding period but up 8.0% on the previous half-year, potentially indicating a level of market cycle stabilisation. Gross profit margin was flat on the prior corresponding period but improved by 76 basis points compared to the second half of FY24, driven by enhanced pricing discipline, considered supplier consolidation, and an improved sales mix. EBITDA (before significant items) was $14.8m, delivering an EBITDA margin of 7.0%, down on the prior corresponding period but up 17.5% on the previous half-year, reflecting gains in gross profit and operational efficiencies. Following a sustained market downturn and challenging trading conditions, the Group has conducted a comprehensive review of the carrying value of its assets, resulting in a non-cash impairment charge of $20.0m in relation to intangible assets. Total significant items of $19.5m were recognised in the reporting period. Net profit after tax was a loss of $17.0 million, down 338.7%, driven by the significant items which are either non-cash or one-off charges and do not impact ongoing operations.

The Group reported revenue of $211.5m, down 3.3% on the prior corresponding period, for the half-year ended 31 December 2024.