• 1H FY25 revenue of $211.5m & EBITDA of $14.8m
• Solid balance sheet supports growth strategy
• Short-term market conditions remain challenging, medium-term outlook positive

Big River Industries reported 1H FY25 revenue of $211.5m, down 3.3% on the prior corresponding period, and EBITDA of $14.8m, down 26.0%. The company has a diversified product mix and geographic presence, with 66% of revenue from its Construction Products division and 34% from its Panels division. Despite challenging market conditions, particularly in the residential sector, the company maintained a strong gross profit margin of 26.4%. The company has a robust balance sheet, with net debt of $29.6m and a gearing ratio of 22.8%, supporting its growth strategy. The company remains active in identifying and pursuing value-accretive acquisitions. In the short term, market conditions are expected to remain challenging, particularly in the residential sector and in key regions such as New South Wales, Victoria, and New Zealand. However, the medium-to-long-term outlook remains favourable, underpinned by increasing and forecast population growth, low vacancy rates, and government initiatives to boost housing construction.

The company expects modest market growth in the short term, with acceleration anticipated as it moves into FY26 and beyond. The company has a medium-term target of achieving an EBITDA margin of 10% or more.

The medium-to-long-term outlook remains favourable, underpinned by increasing and forecast population growth, low vacancy rates, and government initiatives to boost housing construction. In the short term, market conditions are expected to remain challenging, particularly in the residential sector and in key regions, but the company expects an acceleration in growth as it moves into FY26 and beyond.