• Improved operational efficiencies continue to drive strong margin growth
• New machinery, product and geographical mix boosts gross margin
• Ongoing decline in Amalgam product sales

SDI Ltd reported FY25 results with revenue of $110.4m (-0.7% pcp), EBITDA of $21.3m (-2.7% pcp) and normalised NPAT of $10.5m (+0.1% pcp). Gross profit margin improved 80bps to 62.9%, driven by operational efficiencies and product/geographic mix, offsetting weaker Amalgam sales. European and Brazilian sales grew, but were offset by weaker Middle Eastern and Asian markets. The company continues to invest in new machinery and production automation to drive further efficiencies. The Montrose project is progressing, with construction tenders received and planning permit expected in September 2025. SDI's ESG roadmap includes initiatives across supplier assessments, climate risk, emissions reduction, and diversity. The company expects to launch 1-2 new products in the next 12 months, with a focus on Aesthetics and Whitening products.

SDI expects to achieve sales of over $200m through manufacturing and logistic efficiencies from the new Montrose site (FY25 sales: $110.4m).

The company will continue to focus on Aesthetics and Whitening products for new product development, with the Stela product exceeding expectations. Investment in production automation and ongoing R&D will support the company's growth objectives.