1H25 Appendix 4D and Interim Financial Report
| Stock | Johns LYNG Group Ltd (JLG.ASX) |
|---|---|
| Release Time | 25 Feb 2025, 8 a.m. |
| Price Sensitive | Yes |
1H25 Appendix 4D and Interim Financial Report
- Revenue down 6.1% to $573.1 million
- Profit after tax down 38.1% to $14.5 million
- Interim dividend of 2.5 cents per share (fully franked)
Johns Lyng Group Limited reported a 6.1% decrease in revenue to $573.1 million for the half-year ended 31 December 2024, primarily due to an $81.6 million reduction in Catastrophe (CAT) revenue, offset by a $44.1 million increase in 'Business-as-Usual' (BaU) revenue. Profit after tax attributable to the owners of Johns Lyng Group declined 38.1% to $14.5 million. Gross margin increased to 26.5% from 24.7% in the prior corresponding period, driven by job mix and acquisitions. Profit before tax was 31.6% lower at $31.4 million, as increased overheads relative to revenue impacted operating leverage. The company declared an interim dividend of 2.5 cents per share (fully franked), representing approximately 48.6% of NPAT attributable to the owners of Johns Lyng Group for the half-year. During the period, Johns Lyng's subsidiary Air Control acquired an 84% equity interest in Chill-Rite HVAC, Bright & Duggan acquired a 100% equity interest in SSKB Strata, and the Group acquired an 87.5% equity interest in Keystone Group.
The company did not provide any high-importance, price-sensitive forward-looking financial metrics.