• Unaudited revenue for H2 FY25 broadly in-line with H1, FY25 revenue expected to be slightly higher than FY24
• Underlying EBITDA in H2 FY25 anticipated to be 5%-10% higher than H1, but FY25 EBITDA expected to be 15%-20% lower than FY24
• Underlying NPAT in FY25 expected to be 55%-65% lower than FY24

DGL Group Limited (ASX:DGL) has provided a business update for FY25. Despite some weakness in industrial conditions in Australia and New Zealand, and softer performance in lead acid battery recycling and AdBlue operations, the company is seeing solid demand across its product and service network. Unaudited revenue for the second half of FY25 is projected to be broadly in-line with the first half, with full year FY25 revenue expected to be slightly higher than FY24. While underlying EBITDA in the second half of FY25 is anticipated to be 5% - 10% higher than the first half, full year FY25 EBITDA is expected to be 15% - 20% lower than FY24. Underlying profitability has improved in the current half, and net profit after tax in the second half of FY25 is expected to be significantly higher than in the first half. However, full year underlying NPAT is expected to be 55% - 65% lower than FY24. The lower EBITDA and net profit have been driven primarily by higher employee, premises and depreciation costs. DGL is well progressed on taking the necessary steps to realign its cost base and improve productivity to return the company to a positive growth trajectory. Key areas of focus include consolidation and integration of recent acquisitions, implementation of group-wide management and financial systems, and driving growth from better utilization of the group's capabilities.

Unaudited revenue for FY25 expected to be slightly higher than FY24. Underlying EBITDA in FY25 expected to be 15% - 20% lower than FY24. Underlying NPAT in FY25 expected to be 55% - 65% lower than FY24.

DGL is committed to delivering significant operational improvements in 2025 through integrating acquisitions, introducing efficient group-wide systems, and enhancing productivity to improve profitability and drive organic growth.