1H25 Appendix 4D and Interim Financial Report

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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
Key Points
  • 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)
Full Summary

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.

Guidance

The company did not provide any high-importance, price-sensitive forward-looking financial metrics.