• Delivered a resilient result despite softer trading in second half
• Transport margins impacted by competitive market environment, higher labour and input costs, and seasonal/weather-impacted horticulture volumes
• Rural segment grew revenue and profit, underpinned by packaging strength, market share gains, and end-to-end service model

Lindsay Australia Limited reported a resilient FY25 result despite challenging market conditions. The Transport division delivered organic growth, supported by new customer wins in protein and dairy across road and rail divisions, but margins were impacted by the competitive market environment, higher labour and input costs, seasonal and weather-impacted horticulture volumes, and softer consumer demand. The Rural segment grew revenue and profit, underpinned by packaging strength, market share gains in southern regions, and the company's end-to-end service model. The Hunter performance remained subdued in a challenging trading environment, but integration advanced steadily, supported by the ongoing expansion of product offerings and bolt-ons. The company is focused on core initiatives such as integration, synergy realisation, and transformation to strengthen margins and enhance customer outcomes. It is also targeting complementary, non-seasonal revenue growth through disciplined expansion in new categories aligned to customer demand. The company is well-positioned to capture market share as industry capacity rationalises and demand improves, leveraging its scale, network reach, and unique integrated operating model.

FY2025 underlying EBITDA of $81.4 million, underlying NPAT of $22.3 million, and underlying EPS of 7.1 cents per share.

While trading conditions are expected to remain challenging in the near term, the company's focus on service excellence and efficiency is strengthening customer preference and delivering market share gains despite competitive pricing and elevated cost pressures. The company is well-positioned to capture share as market equilibrium restores, with sector exits and industry consolidation accelerating and future demand supported by macroeconomic tailwinds.