SHA.ASX: Half Year Results Presentation

Half Year Results Presentation

Stock	Shape Australia Corporation Ltd (SHA.ASX)
Release Time	19 Feb 2025, 9:05 a.m.
Price Sensitive	Yes

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SHAPE Australia Reports Record Half Year Results

Key Points

Revenue increased 15% to $479.0m
EBITDA increased 21% to $14.8m
NPAT increased 26% to $9.4m
Backlog orders increased 13% to $516.0m

Full Summary

SHAPE Australia Corporation Ltd (ASX: SHA) has reported a record half year performance, with revenue increasing 15% to $479.0m, EBITDA up 21% to $14.8m, and net profit after tax (NPAT) growing 26% to $9.4m compared to the prior corresponding period. The company's strategic focus on growth and diversification, coupled with strong operational execution and risk management, has maintained gross margin at 9.1%. SHAPE is well-positioned for continued growth, maintaining a record backlog order book of $516.0m, a 13% increase on the prior corresponding period. The company's enhanced returns are also driven by diligent cash management, with a strong cash and marketable securities position of $118.9m at 31 December 2024. SHAPE remains focused on maintaining its significant market share in the commercial office sector, which represents 57% of its backlog revenue, while also pursuing growth opportunities in non-office sectors such as Hotels, Health, Education, Retail, and Defence. The company is also expanding its service offering, with investments in modular construction, Design & Build, and Aftercare and Facilities Maintenance. Additionally, SHAPE continues to focus on geographic expansion, with a particular emphasis on the Gold Coast, Newcastle, and Tasmania regions.

Guidance

SHAPE Australia expects to maintain its strong financial performance, with revenue, EBITDA, and NPAT for the full 2025 financial year expected to be in line with or exceed the results reported for the first half of the year.

Outlook

SHAPE Australia is well-positioned for continued growth, with a strong backlog of work, a diversified portfolio, and investments in new service offerings and geographic expansion. The company remains focused on maintaining its market leadership in the commercial office sector while also pursuing significant opportunities in non-office sectors driven by macro trends such as population growth, an aging population, and geopolitical tensions.