2025 Half Year Results Review of Operations

• Statutory NPAT up 141% to $21 million
• Underlying NPAT up 308% to $76 million
• Property EBITDA up 121% to $38 million

Brickworks Limited (ASX: BKW) posted a Statutory Net Profit After Tax of $21 million for the half year ended 31 January 2025, up 141% from the prior corresponding period. The Underlying Net Profit After Tax was $76 million, up 308%. Group Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was $148 million in the first half, compared to a loss of $40 million in the prior period, which was significantly impacted by property revaluations. On sales revenue of $321 million (down 1%), Building Products Australia EBITDA was $50 million, down 4% on the previous corresponding period. Building Products North America EBITDA was a loss of $3 million, down 115%, reflecting challenging market conditions, plant shutdowns, and increased competition in the retail segment. Property EBITDA was $38 million, compared to a loss of $178 million in the prior period, which was impacted by property revaluations. Investments EBITDA was $73 million, down 4%. The company incurred $55 million in significant items, including a $55 million non-cash impairment loss on the Brickworks North America business. The Board declared a fully franked interim dividend of 25 cents per share, up 4% from the prior period.