• Revenue up 8.6% to $631.8 million
• Profit after tax up 1.6% to $40.2 million
• Interim dividend of 6 cents per share declared

Redox Limited, a leading distributor of chemicals, ingredients, plastics, and other raw materials, has reported its financial results for the half-year ended 31 December 2024. The company's revenue increased by 8.6% to $631.8 million, while profit after tax rose by 1.6% to $40.2 million. The growth in revenue was driven by increased sales volumes, particularly in the Crop Production and Water Care segments, as well as strong expansion in the North American Human Health & Nutrition sector. The company's gross profit margin normalised to 21.6%, within its historical range, after a higher-than-normal 23.1% in the previous corresponding period. Operating expenses increased due to higher administration, distribution, and storage costs, reflecting the growth in sales volumes, as well as increased freight costs and warehouse rates. The company's net working capital has returned to its historical range, after being impacted by supply chain disruptions earlier in the year. Redox completed two acquisitions during the period, acquiring Oleum Holdings Pty Ltd and certain assets and liabilities from Auschem (N.S.W) Pty Ltd. The company's board has declared an interim dividend of 6 cents per share, fully franked, to be paid on 25 March 2025.

Redox expects to sustain the volume growth achieved in the first half of FY25 throughout the remainder of the financial year.

The board is optimistic about sustaining the volume growth achieved in the first half of FY25 throughout the remaining months of the 2025 financial year.