• Revenue from Continuing Operations up 3.5% on prior year
• Underlying EBIT for Continuing Operations up 11.8%
• Underlying NPAT for Continuing Operations up 74.1%
• Sale of Viscount Rotational Mouldings Pty Ltd completed

Pact Group Holdings Ltd reported a 3.5% increase in Revenue from Continuing Operations for the first half of FY25, predominantly due to improved performance in the Materials Handling & Pooling segment. Underlying earnings for Continuing Operations before interest and tax (Underlying EBIT Continuing Operations) was up 11.8% on the prior corresponding period, reflecting the improved Revenue performance and the ongoing impact of Transformation Plan cost savings. Reported net profit after tax (NPAT) was 76.3% below the prior corresponding period, as the prior period included the Crates Business which was divested in November 2023. When the Crates Business and underlying adjustment items are excluded, Underlying NPAT for the Continuing Operations is $14.8 million, up from a profit of $8.5 million in the prior corresponding period. On 31 December 2024, the Company completed the sale of 100% of its wholly owned subsidiary Viscount Rotational Mouldings Pty Ltd (VRM) to CRH Infrastructure Products Australia Pty Ltd, with a net cash consideration of $21.2 million and a gain on sale before tax of $12.8 million.

The company noted some volatility in resin supply and pricing on the back of the closure of Qenos in Australia, which is adding cost and complexity to the supply chain.