• Consolidated revenue similar to prior period at $112.3 million
• Consolidated net profit after tax up 44% to $12.7 million
• Automotive Leather impacted by program launch delays and aluminium supply issues

Schaffer Corporation Ltd reported consolidated revenue of $112.3 million for the half-year ended 31 December 2024, similar to the prior period of $112.9 million. Consolidated net profit after tax attributable to members of the parent entity increased 44% from $8.8 million to $12.7 million. The Automotive Leather division saw new programs launch during the half, but other anticipated program launches were delayed. Sales volume was also impacted by the flooding of a key aluminium supplier for one of the division's major customers, resulting in the loss of around two months of sales volume on certain key models. The aluminium shortage was resolved during the half, and the company anticipates these sales will be caught up in the second half. The Building Materials division, Delta, produced a strong result, having benefited from the high level of infrastructure projects in Western Australia. However, going forward, many of these large-scale projects have been completed, and the industry now has excess capacity. The Group Investments division's profit increased compared to the prior period mainly due to net unrealized gains on equity investments, compared to net unrealized losses in the comparative period.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics.