• Steady revenue growth of 2% driven by Personal Injury segment
• Declared first fully franked interim dividend since 2018 of 1.5 cents per share
• Class Actions segment well-positioned for stronger performance in second half

Shine Justice Ltd has reported its FY25 half-year results, with a 2% increase in revenue to $100.7 million driven by growth in the Personal Injury segment. The company declared a fully franked interim dividend of 1.5 cents per share, the first fully franked interim dividend since 2018. The Personal Injury segment generated a solid net income of $82 million, accounting for more than 80% of group revenue and validating the company's strategic focus on this high-potential practice area. Although half-year EBITDA was impacted by an additional $5 million in work-in-progress (WIP) constraint, primarily within abuse cases, this headwind is expected to subside as those matters progress toward resolution. The Class Actions segment experienced a slight downturn in revenue in the first half, primarily due to a delay in filing a number of new actions, which is attributed to the timing of investigations and the need to secure litigation funding for complex cases. However, Shine Justice remains well-positioned for stronger performance in the second half, supported by ongoing settlements and a robust pipeline of opportunities. The company is actively seeking to secure portfolio funding arrangements to accelerate its growth in Class Action litigation, providing access to capital and reducing the financial burden on the firm. Shine Justice has also streamlined its business structure, consolidating its operations into two key segments, and is strategically planning expansion of its geographic reach, particularly along Australia's eastern seaboard.

In FY25 H2, the Group has budgeted for growth in both Personal Injury and Class Actions.

Shine Justice is committed to achieving sustainable revenue growth across both the Personal Injury and Class Actions segments. The firm is optimising processes and investing in technology to enhance its ability to acquire new clients and manage cases efficiently, while also seeking to increase its market share organically and through potential file acquisitions in the personal injury segment. The company is also strategically planning expansion of its geographic reach, particularly along Australia's eastern seaboard, to capitalize on the growing demand for legal services in targeted regions.