• Revenue up 5.3% to $196.5m
• Underlying EBITDA of $16.5m, up 7.2%
• Interim dividend of 5.0 cents per share declared

Lynch Group Holdings Limited reported its results for the half-year ended 29 December 2024. Revenue increased 5.3% to $196.5m, driven by growth in the floral category as demand for quality supermarket products remained resilient. Underlying EBITDA rose 7.2% to $16.5m, outperforming revenue growth due to range management, profit improvement initiatives, and disciplined cost control. The company's Australia business saw revenue and EBITDA growth, while the China business recorded increased revenue but subdued EBITDA due to weak rose pricing. No impairments were recognized during the period. The company has separate debt facilities in Australia and China, with $50m drawn in Australia and $5.3m drawn in China. The directors believe the funding is appropriate to support the business. The company declared an interim dividend of 5.0 cents per share, franked to 100%, to be paid on 19 March 2025.

The company expects to continue growing its present level of operations in both Australia and China. In Australia, the company intends to drive further penetration of the convenience purchase segment, including supermarkets. In China, the company remains confident in the medium to long-term outlook for the floral market and intends to continue serving new and existing customers.