• Revenue down 2.3% to $405.1 million, EBITDA down 11.9% to $28.7 million
• Statutory NPAT loss of $14.7 million, impacted by $20 million non-cash impairment charge
• Dividend of 2 cents per share declared, payable on 7 October 2025

Big River Industries Limited has reported its results for the year ended 30 June 2025. The Group's revenue of $405.1 million was down 2.3% compared to the prior year (6.6% down on a like-for-like basis, excluding the SLQ business acquired in May 2024), due to challenging market conditions. However, the rate of decline slowed in the second half of FY2025, reflecting stabilisation efforts and improving end-market conditions. Gross profit margin improved by 20 basis points year-on-year, driven by pricing discipline, supply chain efficiencies, and tighter alignment with key suppliers. EBITDA (before significant items) of $28.7 million was down 11.9% from $32.6 million in FY2024, but the second half of FY2025 showed EBITDA growth of 10.6% versus the prior corresponding period, with an 80-basis point margin expansion. Following a sustained market downturn and challenging trading conditions, the Group has conducted a comprehensive review of the carrying value of its assets, resulting in a non-cash impairment charge of $20.0 million in relation to intangible assets. Net profit after tax was a loss of $14.7 million, impacted by this impairment charge and other one-off significant items totaling $19.0 million. The Group maintained a strong balance sheet position, with net debt of $25.5 million and a gearing ratio of 20.1%. Looking ahead, the Group is well-positioned to benefit from a recovery in residential markets and continued stability in commercial activity, with a focus on growing market share in differentiated product categories.

The Group expects a gradual recovery in residential construction activity over the course of FY2026, supported by lower interest rates, ongoing housing demand, and continued government stimulus. The commercial segment is expected to remain comparatively resilient, with a solid pipeline of projects. The Group's strategic focus on higher-margin product categories and operational improvements are expected to support cost control and efficiency throughout FY2026.

The Group enters FY2026 with a leaner cost base, enhanced operational discipline, and clearly defined strategic priorities. While near-term market conditions remain uncertain, the Group's diversified geographic footprint, focus on trade-aligned segments, and commitment to higher-margin product categories provide a solid foundation for sustainable growth over the medium term.