• Revenue up 2.5% to $165.9m
• Profit down 6.7% to $7.1m due to strategic investments
• Interim dividend of 5.0 cents per share declared

CTI Logistics Limited, a national transport and logistics provider, reported a 2.5% increase in revenue to $165.9m for the half year ended 31 December 2024. However, profit before tax declined 18.2% to $9.3m, driven by strategic investments made to achieve longer-term growth, including the further development of owned sites, vehicle and equipment acquisitions, and pallet racking for new leased locations. These investments expanded the company's property footprint in Queensland, New South Wales and Victoria, leading to increased depreciation and interest charges. While impacting short-term profitability, these investments are expected to lay the groundwork for sustainable and increased future earnings. The company generated strong cash flows during the period and maintained significant cash liquidity. The Group's net assets increased by 2.8% compared with 30 June 2024, largely attributable to the half year profit after income tax, net of dividend distributions. The directors have declared an interim dividend of 5.0 cents per share fully franked, payable on 4 April 2025. The company remains positive on the freight industry as Australia's population, regional development and online spending continue to grow, and expects continued consolidation within the transport industry as operators pursue growth and scale.

The company expects continued growth in the freight industry, driven by Australia's population, regional development and online spending. The company is well positioned to capture growth opportunities following recent national capacity expansions and substantial investments in property, vehicles and equipment.