• Revenue up 5.3% to $196.5m, driven by resilient demand in Australia and strong growth in China
• EBITDA of $16.5m at midpoint of guidance, down 0.8% on 1H FY24
• Interim dividend of 5.0 cents fully franked, up 1.0 cent on prior year

Lynch Group Holdings Limited (ASX:LGL) has announced its half year results for the 6 months ended 29 December 2024 (1H FY25). The company reported revenue of $196.5m, up 5.3% on 1H FY24, underpinned by resilient demand for floral products in Australia and strong revenue growth in China due to tulip and export volumes. EBITDA of $16.5m was at the midpoint of guidance, down 0.8% on 1H FY24, with Australia demonstrating stability and China weaker over the half year. In Australia, revenue increased 3.9% on 1H FY24, with resilient demand for quality supermarket floral product, supported by new brand launches. In China, revenue increased 19.7%, with growth in tulip and export volumes, set against weak pricing for roses. Cash conversion was 46%, below the prior year due to the timing of customer receipts. The company declared an interim dividend for 1H FY25 of 5.0 cents fully franked, up 1.0 cent on the prior year period.

FY25 full year group Revenue growth of around 6% driven by strong performance during key event periods - Chinese New Year, Valentine's Day, International Women's Day and Mother's Day. FY25 full year group EBITDA margin at a similar level to the prior year.

The company sees a significant opportunity in the China market over the medium to long term alongside continued growth in Australia. China revenue in the first seven weeks of the second half is up 15% on the same period last year, with pricing achieved during Chinese New Year and Valentine's Day favourable compared to the same period in FY24, providing more confidence on the earnings outlook. In Australia, revenue for the first seven weeks of the second half including the Valentine's Day event is up 7% year on year with strong consumer demand and favourable event timing, while forward orders for Mother's Day indicate strong volume growth over the previous year.