• Revenue of $272.1 million, up from $187.3 million in HY24
• EBITDA of $34.5 million, up from $22.6 million in HY24
• Interim dividend increased to 10.0 cents per share, fully franked

GR Engineering Services Limited (ASX:GNG) has reported its financial results for the half year ended 31 December 2024 (HY25). The company reported revenue of $272.1 million, up from $187.3 million in the prior corresponding period (HY24). EBITDA was $34.5 million, up from $22.6 million in HY24. Profit before tax (PBT) was $31.8 million, up from $20.7 million in HY24. The company's EBITDA margin percentage remained consistent with prior periods. The strong financial performance was driven by high project execution levels across the group, with major project work continuing into the second half of FY25 and FY26. The company's GR Production Services (GRPS) division achieved revenue contributions primarily through the provision of operations and maintenance services to the energy sector, with contract extensions awarded during the half year period. The company's process controls business, Mipac and Paradigm, continued to deliver control systems, automation and digital solutions for key repeat clients. The company's balance sheet remains robust, with a cash balance of $111.8 million at 31 December 2024 and no borrowings. Given the strong financial performance, the Board has resolved to increase the interim fully franked dividend to 10.0 cents per share, up from 9.0 cents per share in HY24.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics.

The company has not provided any specific forward-looking outlook statements.