3Q FY25 Trading Update
| Stock | Boom Logistics Ltd (BOL.ASX) |
|---|---|
| Release Time | 5 May 2025, 9:12 a.m. |
| Price Sensitive | Yes |
Boom Logistics Delivers Strong 3Q FY25 Trading Update
- Revenue up $5m to $65m in 3Q FY25, driven by renewables projects
- EBITDA increased $3m to $12.1m in 3Q FY25 through cost management and improved asset/labour utilisation
- NPAT up $1.4m to $1.8m in 3Q FY25 as strategic initiatives executed
Boom Logistics Limited, a diversified lifting and project logistics business, has announced its trading update for the three-months ended 31 March 2025 (3Q FY25). The company reported strong financial results, with revenue increasing by $5 million to $65 million in 3Q FY25, primarily driven by strong windfarm project activity. Year-to-date (YTD) FY25 revenue of $197 million continues to grow through the renewables sectors, particularly windfarm and transmission line works. EBITDA for 3Q FY25 was $12.1 million, an increase of $3 million on the prior corresponding period, achieved through tight cost management and improved asset and labour utilisation during the seasonally slow holiday period. YTD FY25 EBITDA of $37.5 million represents a 12% increase. Net profit after tax (NPAT) for 3Q FY25 was $1.8 million, an increase of $1.4 million on the prior corresponding period, as a result of the underlying improvements. YTD FY25 operational profit was $6.8 million, an increase of $2.6 million, resulting from the execution of Boom's strategic initiatives. The company's balance sheet remains strong, with net capex of $27.0 million YTD FY25 and net debt of $104 million at 31 March 2025, within the company's target gearing ratio of 40-50%. Boom continues to benefit from growth opportunities in the renewables and infrastructure markets, including a 33% increase of overall scope at the Clarke Creek wind farm project in Northern Queensland.
FY25 Guidance Re-confirmed: - Revenue: $263m - EBITDA: $51m - Operational NPAT: $9m - Statutory NPAT: $23m (includes $14 million in deferred tax benefits)
Boom remains committed to its targeted 10% return on net assets over the near to medium term, with a goal to reach 15%. The company is building a pathway to growth by using its pipeline of existing work and focusing on the opportunities that remain ahead in the renewables, infrastructure, resources, and industrials sectors.