• Diversified business model continues to deliver robust performance
• Property division sees strong growth, with Oakdale West Estate now complete
• Investments division delivers higher normal dividends from Soul Patts

Brickworks Limited has reported a strong financial performance for the first half of the 2025 financial year, with its diversified business model continuing to deliver robust results. The company's statutory net profit after tax was $21 million, up 141% on the prior corresponding period, while underlying EBITDA increased by 472% to $148 million. The Property division was a standout performer, with EBITDA increasing by 121% to $38 million. This was driven by the completion of two new assets at the Oakdale West Estate, which added 37,000 square meters of fully leased area to the joint venture trust. The company also saw continued growth in rental income and stable capitalisation rates across the portfolio.The Investments division, which includes a 25.65% stake in Soul Patts and a 14.46% stake in FBR Limited, delivered an underlying contribution of $73 million, with normal cash dividends from Soul Patts increasing by 8% to $52 million.In the Building Products Australia division, the business maintained its EBITDA margin of 16% despite subdued building activity across the country. Revenue was down 1% to $321 million, with EBIT declining by 2% to $22 million.The Building Products North America division continued to face challenging market conditions, with mixed building activity across its three core markets. The non-residential and multi-residential segments, which account for 57% of the division's sales, were particularly weak.Brickworks remains confident in its long-term outlook, with the company forecasting conditions to improve in 2026 and further strengthen from 2027 as part of the cyclical recovery. The Board has declared an interim fully franked dividend of 25 cents per share, an increase of 1 cent or 4%.

Brickworks expects conditions in its Building Products divisions to improve in 2026 and further strengthen from 2027 as part of the cyclical recovery.