• Revenue up 18% to $90.7 million across all regions
• EBITDA up 122% to $5.6 million, in line with guidance
• Strong performance in the Americas, Australia/NZ, and Developing Markets

Gale Pacific Ltd, a leading manufacturer of innovative, sustainable fabrics, has reported its financial results for the first half of the 2025 financial year (H1 FY25). The company recorded a 18% increase in revenue to $90.7 million, up from $77.0 million in the prior corresponding period. This growth was driven by strong performance across all regions, including share gains in the United States, a robust Australian peak season, and improved revenue in the Middle East. The company's EBITDA increased by 122% to $5.6 million, up from $2.5 million in the prior period, in line with guidance. Normalised EBITDA, excluding one-off costs associated with the implementation of Dynamics 365 and executive leadership changes, was $10.3 million, up $7.8 million from the prior period.The Americas segment reported a 6% increase in revenue to $31.4 million, driven by retail share gains and record commercial shade sales. The Australia/New Zealand segment saw a 23% revenue increase to $52.3 million, with strong growth in grain storage fabric and record sales at Bunnings. The Developing Markets segment, which includes the Middle East and Europe, reported a 50% revenue increase to $7.0 million, with margin gains across the regions.The company's net cash from operating activities was $(2.4) million, down from $19.6 million in the prior period, due to increases in working capital from higher inventory and debtor balances. Net debt at the end of the period was $7.0 million, compared to $2.2 million in the prior period.Looking ahead, the company has provided full-year EBITDA guidance of $18 to $20 million. The company expects continued revenue growth in the Americas and Middle East, while anticipating some softening in demand in certain Australian commercial segments. The company also highlighted its focus on disciplined cost control to drive savings.

Full-Year EBITDA Guidance: $18 to $20 million

The company expects continued revenue growth in the Americas and Middle East, while anticipating some softening in demand in certain Australian commercial segments. The company also highlighted its focus on disciplined cost control to drive savings.