• Revenues up 3.51% to $427.7 million
• Profit after tax down 18.94% to $14.655 million
• Interim dividend increased 9.5% to 2.3 cents per share

Lindsay Australia Limited (ASX: LAU) has reported its half-year results for the period ending 31 December 2024. Revenues from ordinary activities increased by 3.51% to $427.772 million, while profit from ordinary activities after tax attributable to owners decreased by 18.94% to $14.655 million. The company's Transport division saw revenues decrease by 1.4% to $292.2 million, impacted by lower horticulture volumes, but this was offset by higher commercial freight volumes. The Rural division performed well, with revenues increasing by 7.5% to $84.7 million and underlying EBITDA up 13.3%. The WB Hunter acquisition completed in August 2023 contributed an additional $12.6 million in revenue. The company invested $22.2 million in capital expenditure during the half-year, focused on supporting its strategic initiatives. The Lindsay Board has recommended paying a half-year fully franked dividend of 2.3 cents per share, representing a 9.5% increase compared to the prior corresponding period.

The refrigerated transport sector continues to navigate challenging conditions, driven by increased industry capacity, pricing pressures, subdued demand, environmental factors, and rising costs. Adverse weather events post the end of the half-year continue to be monitored which are impacting on the Group's horticulture freight and rural merchandising volumes. The recovery timeline for broader consumer demand remains uncertain, but the Group's focus remains on disciplined execution of our enterprise strategy.