• Net profit after tax increased by 3.5% to $3.8 million
• Gross product margin improved to 63.5%, up 200 bps
• Interim fully franked dividend maintained at 1.5 cents per share

SDI Limited (ASX: SDI) reported a net profit after tax of $3.8 million for the six months ending 31 December 2024, up 3.5% from the previous corresponding period. Total sales declined 1.3% to $51.5 million, with good growth in the European and Brazilian markets offset by declines in Middle Eastern, Asian, and Amalgam product sales. Gross product margin improved by 200 basis points to 63.5%, driven by operational efficiencies and favorable product and geographical sales mix. Operating expenses increased 4.3% to $27.1 million, reflecting ongoing inflationary pressures. EBITDA decreased by 4.4% to $8.6 million. Earnings per share increased by 3.5% to 3.22 cents. The company maintained its interim fully franked dividend at 1.5 cents per share. SDI remains focused on growing its Aesthetics and Whitening product categories, achieving manufacturing and logistics efficiencies, and investing in research and development of new products. The company is also making progress on its ESG commitments, including the phasing out of dental Amalgam products.

The company expects Whitening sales to further improve with a planned rebranding in the second half of the 2025 financial year.

SDI is focused on growing its Aesthetics and Whitening product categories, achieving manufacturing and logistics efficiencies, and investing in research and development of new products. The company is also making progress on its ESG commitments, including the phasing out of dental Amalgam products.