• Delivered revenue of $131.7m, EBITDA of $25.4m and operating NPAT of $5.0m
• Executed $29m in new and renewed contracts across resources, renewables, infrastructure and industrial sectors
• Continued focus on asset regeneration, safety, environment, talent and governance

Boom Logistics Ltd, one of Australia's leading providers of complex lifting and project logistics solutions, has reported a strong 1H FY25 performance. The company delivered revenue of $131.7m, up 2% compared to 1H FY24, and EBITDA of $25.4m, up 5% compared to the prior corresponding period. Operating NPAT was $5.0m, a 32% increase from 1H FY24. Boom continues to execute on its four strategic pillars, including strengthening the balance sheet, driving profitable growth across its key sectors, investing in the right assets, and focusing on safety, environment, talent, and governance. The company secured over $29m in new and renewed contracts across the resources, renewables, infrastructure, and industrial sectors, including projects such as the Clarke Creek wind farm in Queensland, the Murra-Warra wind farm maintenance in Victoria, and transmission line projects in Queensland and New South Wales. Boom also made progress on its asset regeneration program, with net capex of $21.3m, including $14.4m in replacement assets and $10.9m in growth assets. The company's focus on safety and sustainability continued, with no lost-time injuries and a total recordable injury frequency rate of 5.0 per million hours worked. Boom is well-positioned for the future, with a strong balance sheet, a diversified portfolio of high-growth sectors, and a continued focus on operational excellence and shareholder value creation.

Boom Logistics is targeting revenue of $263m, EBITDA of $51m, and operating NPAT of $9.0m for FY25, representing growth of 1%, 11%, and 32% respectively compared to FY24.

Boom Logistics is focused on continuing to drive profitability and improve shareholder returns in FY25. Key priorities include growing profitable customers in all core sectors, particularly in renewables and transmission line projects, investing in key replacement and growth assets, and maintaining a strong focus on safety, environment, talent, and governance.