Half Yearly Report and Accounts

Open PDF
Stock Gale Pacific Ltd (GAP.ASX)
Release Time 27 Feb 2025, 9:07 a.m.
Price Sensitive Yes
 Gale Pacific Ltd Reports Half Yearly Results
Key Points
  • Revenue up 17.7% to $90.659 million
  • Loss after tax reduced by 78.1% to $971k
  • No dividends declared for current or previous period
Full Summary

Gale Pacific Limited, a leading manufacturer and distributor of branded screening, architectural shading, and commercial agricultural/horticultural fabric products, has reported its financial results for the half-year ended 31 December 2024. The company's revenue increased by 17.7% to $90.659 million, up from $77.002 million in the previous corresponding period. The loss after tax was reduced by 78.1% to $971k, compared to a loss of $4.424 million in the previous half-year. The company did not declare any dividends for the current or previous financial period. Gale Pacific's operating segments, including the Americas, Australia/New Zealand, and Developing Markets, all contributed to the improved financial performance. The company also transitioned its Enterprise Resource Planning platform from Microsoft AX2012 to Microsoft Dynamics 365 on 1st October 2024. The Board of Directors appointed Troy Mortleman as the new Chief Executive Officer, following the resignation of John Paul Marcantonio on 13th August 2024.