• Statutory NPAT of $24.3 million, down 10% year-on-year
• Automotive Leather profits up 7%, Delta profits up 9%
• Investment portfolio value increased 7.8% to $227.3 million

Schaffer Corporation Limited (ASX: SFC) reported statutory net profit after tax (NPAT) for the 2025 financial year of $24.3 million, down 10% from the prior year. However, excluding the revaluation of the South Connect Jandakot property, NPAT increased 16% to $22.0 million. The Automotive Leather division saw profits increase 7% to $16.3 million, driven by higher sales volumes, while the Delta division reported a 9% increase in profits to $4.9 million. The company's investment portfolio, comprising Group Investments and South Connect Jandakot, grew in value by 7.8% to $227.3 million. South Connect Jandakot's pre-tax net equity value increased to $88.0 million, up from $82.1 million in the prior year. The Board has declared a final fully franked dividend of $0.45 per share, matching the previous year's final dividend.

Subject to the risks identified, profits for the Automotive Leather division in the first half of FY26 should be similar to the first half of FY25. The Delta division's performance is expected to be close to break even in the first half of FY26.

The company's investments are revalued each period, which may result in profit volatility, both up and down.