Half Yearly Report and Accounts

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Stock FFI Holdings Ltd (FFI.ASX)
Release Time 18 Feb 2025, 3:24 p.m.
Price Sensitive Yes
 FFI Holdings Ltd Reports Half Yearly Results
Key Points
  • Net profit after tax up 7.6% to $1.83 million
  • Revenue increased by 7.5% to $30.2 million
  • Interim dividend of 10 cents per share declared
Full Summary

FFI Holdings Limited has reported a net profit after tax of $1.83 million for the half year ended 31 December 2024, up 7.6% on the previous corresponding period. The result was achieved on revenue of $30.2 million, up 7.5% on the previous corresponding half year. Earnings before interest and tax increased to $2.72 million, up 15% on the previous corresponding period. The company's food operations saw a 7.7% increase in sales to $29.4 million and a 13.4% increase in net profit before tax to $2.33 million. Rent received from the company's investment properties increased by 4.7% to $0.84 million. The directors have declared an interim dividend of 10.0 cents per share, fully franked, to be paid on 17 April 2025. The company's Dividend Reinvestment Plan will apply to the dividend, with shares issued at a 5.0% discount, subject to a price cap of $3.75 per share. The long-term outlook remains positive, with the company in a strong financial position with low debts and quality assets.

Guidance

The company reported revenue of $30.2 million and net profit after tax of $1.83 million for the half year ended 31 December 2024.

Outlook

The long-term outlook remains positive, with the company in a strong financial position and focused on improving operating performance and pursuing growth initiatives.