Half Year Result and Maiden Dividend

• Net profit after tax up 39% to $5.7 million
• EBITDA increased 21% to $12.5 million
• Maiden fully franked dividend of 1.50 cents per share

Alfabs Australia Limited, a market-leading diversified group of companies operating in the Mining and Engineering sectors, has reported a strong first half-year result as a listed ASX company. The company's net profit after tax increased by 39% to $5.7 million, while earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 21% to $12.5 million. Alfabs' directors have declared a maiden fully franked dividend of 1.50 cents per share, representing a payout ratio of 75%. The company's cash and net debt were well-controlled, finishing the half-year with $11.0 million in net debt. Business conditions have been good, and the outlook for the remainder of FY2025 and CY2025 is encouraging. The company's Underground Mining Hire division saw income rise with greater volumes and slightly higher prices, and the company anticipates further hire turnover increases across CY2025. The Workshops division, including the recently established second diesel workshop at Kurri Kurri, has been busy servicing both Alfabs' own equipment and third-party customers. The Heavy Engineering division has seen strong enquiry rates and a good order book position, while the Protective Coatings business has faced some limitations in space availability and weather conditions. The company's Bat Bags division is expected to see increased profitability across CY2025 as the NSW Resources Regulator's new requirements are implemented.

Alfabs expects significant increases in hire turnover across CY2025 through the introduction of overhauled assets into the fleet and demand-driven rate increases.

The company's outlook for the remainder of FY2025 and CY2025 is encouraging, with strong business conditions and a promising order book position.