Half Yearly Report Results Announcement

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Stock Shape Australia Corporation Ltd (SHA.ASX)
Release Time 19 Feb 2025, 9:01 a.m.
Price Sensitive Yes
 Shape Australia Reports Record Revenue in 1HFY25
Key Points
  • Record revenue of $479.0 million, up 15% compared to pcp
  • Record project wins of $531.5 million, a 1% increase on pcp
  • Record backlog orders of $516.0 million, a 13% increase on pcp
Full Summary

Shape Australia Corporation Limited (ASX: SHA) ('SHAPE' or the 'Company') is pleased to report strong growth in the six months ending 31 December 2024 (1HFY25) compared to the prior corresponding period (pcp). Key highlights include record revenue of $479.0 million, up 15% compared to pcp (1HFY24: $415.9 million); record project wins of $531.5 million, a 1% increase on pcp (1HFY24: $526.8 million); and record backlog orders of $516.0 million, a 13% increase on pcp (1HFY24: $457.2 million). EBITDA increased by 21% to $14.8 million, and NPAT grew by 26% to $9.4 million. The Company declared a dividend of 10.0 cents per share, an increase of 25% on pcp. SHAPE continues to identify opportunities with a strong pipeline in excess of $3.4 billion. The Company's strategic focus on growth and diversification, combined with strong operational excellence and risk management, has resulted in profitability growth outperforming revenue growth. SHAPE's performance across all three pillars of its growth strategy, including geographic expansion, modular construction capability, and strong results across non-office sectors, highlights the strength of its diversified business model.

Guidance

SHAPE reported record revenue of $479.0 million in 1HFY25, a 15% increase compared to the prior corresponding period. EBITDA increased by 21% to $14.8 million, and NPAT grew by 26% to $9.4 million.

Outlook

SHAPE entered the second half of FY25 with a strong identified pipeline, providing significant momentum for continued growth. The Company's record backlog orders and project wins further solidify its position for continued success in the coming months.