• Revenue up 3.5% to $481.5 million
• Underlying EBITDA down 19% to $52.1 million
• Net loss of $24.6 million due to asset write-downs and operational losses

DGL Group reported a 3.5% increase in revenue to $481.5 million for FY25, driven by strong performance in Manufacturing and Logistics, as well as contributions from acquisitions. However, the consolidated Group reported a net loss after tax of $24.6 million, compared to a profit of $14.3 million in the prior year. The primary drivers of the loss were asset write-downs, including goodwill impairment of $13.9 million and write-downs of property, plant and equipment totaling $12.6 million, as well as operational losses in the ULAB processing business due to increased competition and used battery acquisition costs. The company has discontinued lead recycling at its Laverton facility and consolidated ULAB recycling operations at its Unanderra site. Other factors contributing to the loss included increased costs from headcount growth, wage inflation, higher occupancy expenses, and higher interest and depreciation charges. On an underlying basis, adjusting for $28.1 million in non-recurring items, the Group reported a profit of $3.5 million.