Appendix 4D and 2025 Half-Year Report and Accounts

Key points

• Revenue from Continuing Operations up 3.5% to $929.5 million
• Underlying EBIT from Continuing Operations up 11.8% to $69.4 million
• Underlying NPAT from Continuing Operations up 74.1% to $14.8 million

Full summary

Pact Group Holdings Ltd (ASX: PGH) reported revenue of $929.5 million for the half-year ended 31 December 2024, down 2.3% compared to the prior corresponding period (pcp). The statutory net profit after tax for the half-year was $14.1 million, compared to a statutory net profit after tax of $59.3 million in the pcp. Revenue from Continuing Operations was up 3.5% to $929.5 million (pcp: $897.7 million). Underlying EBITDA from Continuing Operations increased 4.6% to $124.0 million (pcp: $118.5 million), and Underlying EBIT from Continuing Operations was up 11.8% to $69.4 million (pcp: $62.1 million). Underlying NPAT from Continuing Operations increased 74.1% to $14.8 million (pcp: $8.5 million). The Group divested 50% of its crate pooling and crate manufacturing business (Crates Business) and retained the remaining 50% forming a joint venture. The Group also sold its wholly owned subsidiary Viscount Rotational Mouldings Pty Ltd. Net debt at 31 December 2024 was $470.8 million, up $51.9 million on June 2024 due to an increase in trade working capital and the continuation of the long-term capital investment program. The Board has resolved not to pay an interim dividend in respect of 1H FY25.