• Revenue of $1,244m, up 9.4%
• Gross profit of $268.6m, up 1%
• Three acquisitions completed, all contributed to revenue and profit in FY25

Redox Ltd (ASX: RDX) has announced its financial results for the year ended 30 June 2025 (FY25). Key FY25 financial highlights include: revenue of $1,244 million, up 9.4%; gross profit of $268.6 million, up 1%; gross profit margin of 21.6%, down 1.8 percentage points but in-line with the historical range; net cash and cash equivalents of $124 million with zero net debt; and earnings per share of 14.6 cents. The company also declared a final dividend of 6.5 cents per share, representing a payout ratio of 85% of net profit after tax. Sales revenue growth was primarily driven by strong volumes, particularly in the Crop Production & Protection segment and Surface Coatings. Gross profit increased 1% despite the impact of higher volume-lower margin fertiliser sales. Underlying operating expenses increased due to higher volume-driven expenses, inflation in storage and distribution costs, and wage inflation. Underlying net profit after tax declined $15 million to $80 million as gross profit margins returned to the historical range. Redox expanded its sales team, increased its active product portfolio, and completed three acquisitions during FY25 that added products, customers, suppliers, expertise, and capabilities. The company also signed new channel partnership agreements with leading producers. Looking ahead, Redox will continue to enhance its capabilities, explore new sectors, and expand its product portfolio, leveraging its Redebiz platform and geographic presence to drive sustainable growth.

Redox expects to continue to generate strong revenue and volume growth in FY26, with a focus on organic growth, disciplined cost management, and strategic M&A, particularly in North America. The company has a strong balance sheet with zero net debt, positioning it well to execute its growth strategy.

In FY26, Redox will continue to enhance its capabilities, explore new sectors, and expand its product portfolio, leveraging its Redebiz platform and broader geographic presence to win new clients and grow existing relationships. The company remains focused on organic growth, disciplined cost management, and pursuing strategic M&A, particularly in North America.