• EBITDA up 5.5% to $15.3m
• Dividends of 2.0cps fully franked
• $15m share buy-back completed

Shriro Holdings Ltd has reported its financial results for the year ended 30 June 2025. Revenue from ordinary activities declined 13.6% to $103.3m, primarily due to lower export sales, transitioning from a wholesaler to an importer of BBQs in Australia, and lower watch sales. Gross margin improved 0.8 percentage points to 45.0%. Operating expenses decreased 18.5% to $31.2m. EBITDA increased 5.5% to $15.3m, which included $1.4m in costs related to the implementation of a new ERP system. Profit after tax rose 8.7% to $7.5m. The company paid a fully franked interim dividend of 2.0 cents per share, but did not declare a final dividend as the Board is considering alternative uses for the cash. In FY25, Shriro completed a $15m off-market equal access share buy-back, reducing its issued capital by 19.2%. The company's net cash position declined 42.8% to $13.9m. Shriro appointed a distributor for its Seasonal business in the US, which is expected to improve profitability in FY26. The company also signed a deal to distribute the Manhattan Portage brand in Australia and New Zealand starting in September 2025, as part of its focus on expanding its portfolio of third-party brands.

Shriro expects EBITDA to increase in FY26 compared to FY25. The company held $13.9m in cash as of 30 June 2025, which exceeds current business needs, and the Board is reviewing options for capital deployment.

Shriro is focused on growing revenue, releasing newly developed products, and acquiring more third-party distribution brands to represent in the Australasian market. The company's capital-light business model and technological enhancements are expected to provide a strong operating base to continue its current profit generation levels.