• Robust earnings growth continues with revenue of $10.7bn, up 1%, and EBIT of $1.5bn, up 8%
• Strong cash flow generation with operating cash flow of $1.95bn, up 49%, and leverage sub-2x
• Disciplined operating and capital allocation models delivering long-term sustainable value creation

SGH Ltd, an Australian diversified operating company, has reported its FY25 results, delivering robust earnings growth. Revenue increased by 1% to $10.7bn, driven by strong performance across the company's key businesses, including WesTrac, Boral, and Coates. EBIT grew by 8% to $1.5bn, reflecting margin expansion at Boral and equity accounted earnings growth. Net profit after tax (NPAT) increased by 9% to $924m, with statutory NPAT up 5% to $486m. The company's disciplined operating model, known as the 'SGH Way', continues to guide its value creation strategy, focusing on sustainable, value-led growth and disciplined execution across its key pillars of People, Operations, Assets, and Financials. This approach has enabled SGH to consistently outperform, with the company delivering strong cash flow generation and deleveraging, with operating cash flow up 49% to $1.95bn and adjusted net debt to EBITDA (leverage) reduced to sub-2x.Across the company's key business units, WesTrac delivered revenue growth of 4% and EBIT growth of 2%, driven by strong capital sales. Boral reported a 26% increase in EBIT, reflecting pricing traction and ongoing optimisation and efficiency programs. Coates' revenue declined by 9% in mixed market conditions, but the business maintained a globally competitive EBIT margin of 27.8%.In the Energy segment, Beach Energy reported a 32% increase in underlying NPAT, driven by higher production, realised pricing, and the commencement of Waitsia LNG cargoes. SGH Energy's Crux LNG backfill project and Longtom gas field also progressed during the year, with first sales gas from Crux expected in CY27.The company's 40% stake in Seven West Media saw the media business maintain its position as the #1 total TV network for the 5th consecutive year, with digital growth continuing to offset declines in the traditional TV advertising market.Looking ahead, SGH remains well-positioned to continue delivering long-term sustainable value creation, underpinned by its diversified portfolio, privileged assets, and disciplined operating and capital allocation models.

SGH provided the following high-importance, price-sensitive forward-looking financial guidance:Beach Energy FY26 production guidance of 19.7mmboe to 22.0mmboe and capital expenditure guidance of $675m to $775m.