Lycopodium Half Year FY2025 Results Announcement
| Stock | Lycopodium Ltd (LYL.ASX) |
|---|---|
| Release Time | 19 Feb 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Lycopodium Half Year FY2025 Results Announcement
- Revenue of $167.4 million and NPAT of $25.2 million for 1H FY2025
- Interim dividend of 10 cents per share declared
- Full year guidance of $320-$340 million revenue and $37-$43 million NPAT
- Significant portfolio of projects across resources, industrial processes and rail infrastructure
Lycopodium Limited has generated revenue of $167.4 million and net profit after tax (NPAT) of $25.2 million for the six-months ended 31 December 2024 (1H FY2025). The Company Directors have approved a fully franked interim dividend of 10 cents per share, payable on 3 April 2025. The company is working on a significant portfolio of projects across its core sectors of resources, industrial processes and rail infrastructure, including the Ahafo North Project in Ghana, the Chemical Grade Processing Plant #3 Project in Western Australia, the Kiaka Gold Project in Burkina Faso, and the Kalgoorlie Nickel Project - Goongarrie Hub in Western Australia. The company has also been awarded the Definitive Feasibility Study for the Design Engineering of the Hydrogen Sulphide Plant for the Kalgoorlie Nickel Project - Goongarrie Hub. Lycopodium's Rail Infrastructure business has been successful in securing an Australian Federal Government grant for a project to automate the completion of level crossing assessments and develop a multi-criteria analysis tool. The company has also entered into a Heads of Agreement to acquire a majority (60%) interest in Argentinian engineering company, SAXUM, which will contribute immediately to Lycopodium's revenue and profitability.
Full year guidance is for the Company to deliver $320 to $340 million in revenue and NPAT in the range of $37 to $43 million.
The company remains committed to providing a safe working environment, with a proactive management approach that is focused on lead indicators. The acquisition of SAXUM positions both companies for further expansion and success in key markets, enhancing Lycopodium's capabilities, expanding its service offering, and establishing a material footprint in Latin America and the US market.