1H25 Results Announcement

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Stock Wiseway Group Ltd (WWG.ASX)
Release Time 26 Feb 2025, 6:45 p.m.
Price Sensitive Yes
 Wiseway Group Ltd Reports Strong 1H25 Results
Key Points
  • 60% increase in Revenue to $83.9 million
  • 39% increase in EBITDA to $6.0 million
  • 182% increase in Net Profit Before Tax to $1.6 million
Full Summary

Wiseway Group Limited (ASX: WWG), one of Australia's leading integrated freight and logistics operators, has announced its financial results for the six months ended 31 December 2024 (1H25). The company reported a 60% increase in Revenue to $83.9 million, a 39% increase in EBITDA to $6.0 million, and a 182% increase in Net Profit Before Tax to $1.6 million. This marks the fourth successive half-year period of positive profitability and financial performance for the Group. The continued improvement in Wiseway's financial performance is attributed to the success of the company's strategic initiatives, including capitalizing on Import eCommerce, effective cost management, and a renewed International Strategy around the USA and New Zealand. The Import division saw a 192% revenue growth, driven by inbound eCommerce volumes and large account wins in general import Sea and Air freight. The Perishables division remained stable, with the company continuing to win new customers and accounts. The Export Air Freight and Export Sea Freight divisions experienced some downward pressure on freight rates and a softer China market, but Wiseway has diversified into new export markets. The company's focus on the USA market has paid off, with a more than 9x increase in revenue, attributed to the successful integration of KWT and the company's ability to capitalize on inbound China to the United States import freight. Wiseway anticipates that Imports and the United States will continue to be a source of rapid growth, and the company intends to continue distributing dividends to shareholders as it realizes positive results.

Guidance

Wiseway anticipates that Imports and the United States will continue to be a source of rapid growth, and the company believes that full-year results will also have significant growth compared to previous years.

Outlook

Wiseway is on a strong growth and profitability trajectory, and the company is aligned and motivated to achieve even greater results in the months and years to come. The company will continue to focus on distributing sustainable dividends to shareholders while ensuring continued reinvestment in the business.