• EBITDA up 122% to $5.6 million
• Revenue up 18% to $90.7 million
• Significant growth in the Americas, Australia/NZ, and Developing Markets

GALE Pacific Limited, a leading global manufacturer of innovative and sustainable fabric products, announced robust results for the 6 months ended 31 December 2024 (H1 FY25). The company reported EBITDA of $5.6 million, an increase of $3.1 million compared to the prior period, and normalised EBITDA of $10.3 million, an increase of $7.8 million. Revenue grew 18% to $90.7 million, with growth recorded across all key operating regions. The Americas segment saw a 180% increase in EBITDA, driven by share gains and expanded product placements. The Australia/New Zealand business benefited from strong retail momentum and increasing demand for coated fabric in grain storage, while the Developing Markets segment, particularly the Middle East, showed exceptional growth. The company incurred $4.7 million in non-recurring costs related to the implementation of a new ERP system and executive leadership changes. GALE Pacific remains focused on leveraging its strategic growth pillars to maintain momentum, with continued revenue growth expected in the United States, softening demand expected in some commercial segments in Australia, and strong run rates to continue across the UAE and Saudi Arabia. The company provided full-year EBITDA guidance of $18 to $20 million.

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

GALE Pacific remains focused on leveraging its strategic growth pillars to maintain momentum through the second half of FY25, with continued revenue growth expected in the United States, softening demand expected in some commercial segments in Australia, and strong run rates to continue across the UAE and Saudi Arabia.