• Volume 31,100 tonnes down 7% on prior period
• Sales revenue up 4%, to $327m, due to higher LME linked prices
• Underlying EBITDA of $27.7m, Underlying EBIT of $16.1m
• Strong balance sheet with net cash at $53.0m and no debt
• Share buy-back returned $0.27 per share equivalent in first half

Capral Limited (ASX: CAA), Australia's largest extruder and distributor of aluminium products, has released its financial results for the six months ending 30 June 2025 (1H25). The company delivered a solid first half result that is in line with expectations, despite challenging market conditions due to the housing market being slow to recover and a pullback in industrial sectors. Volume was 31,100 tonnes, down 7% on the prior period, while sales revenue increased 4% to $327 million due to higher LME linked prices. Underlying EBITDA was $27.7 million, and Underlying EBIT was $16.1 million. Capral maintained direct customer market share against imports and achieved this result by focusing on operational efficiency, product development, and customer service. The company's balance sheet remains strong, with net cash of $53.0 million and no debt. Capral also continued its on-market share buy-back, returning $0.27 per share equivalent in the first half. The company's commitment to enhancing its sustainability performance is a key focus, and it remains on track to achieve its 2030 carbon emission reduction goals and meet its ASRS reporting requirements for 2025.

FY25 EBITDA, based on a forecast improvement in market conditions and absent unforeseen events, is expected to be broadly in line with prior year.

Capral anticipates the residential housing market to improve in the second half of 2025, due to lower interest rates and pent-up demand. The company will focus on maintaining its market position, optimising its cost base, and managing higher working capital levels, while also pursuing growth opportunities.