• Sales revenue of $348.8 million, up 15.3%
• Profit after tax of $40.0 million, earnings per share up 18.2%
• Return on capital invested remained high at 33.2%

Supply Network Ltd's Chairman has provided an update on the company's performance and outlook in the Chairman's Address at the Annual General Meeting. The highlights of the 2025 financial year include sales revenue of $348.8 million, representing growth of 15.3%, and profit after tax of $40.0 million, which translated to earnings per share growth of 18.2%. The company's return on capital invested remained high at 33.2%, and it continued its track record of increasing fully franked dividends, with the FY2025 final dividend of 38.0 cents per share paid earlier this month. The Chairman outlined the company's focus on organic growth through the expansion of the Multispares network in Australia and New Zealand, including the opening of new branches in Wangara, WA, and Karratha, as well as a distribution center expansion in Truganina, Victoria. The company is also preparing for further growth by signing agreements to increase branch capacity in Brisbane, Toowoomba, Perth, and Sydney. In New Zealand, a new facility in Auckland's North Shore is expected to commence trading in March 2026. The Chairman emphasized the importance of factors beyond physical infrastructure, such as transaction efficiency, information technology, stocking strategies, delivery systems, and branch configuration, in maintaining the company's competitive position. The company is also focused on succession planning and the professional development of its staff, as well as ongoing investments in IT to improve operating efficiency and customer service levels. While the industry faces challenges, including an intensifying competitive landscape, the rise of China as a manufacturing force, and technological developments, the Chairman expressed confidence in the company's ability to adapt and evolve to take advantage of these opportunities.

For FY2026, the company's revenue growth target is around $50 million. The Board has recently approved a new three-year business plan covering the period from FY2026 to FY2028, which builds on the company's existing business strategies and continues its investment in sustainable long-term growth.

The company is genuinely positive about its long-term prospects and is focused on taking full advantage of the opportunities presented by industry developments while addressing any significant risks. The company's goal is to earn the right to be the truck and bus industry's first choice and close partner for spare parts and diagnostics, which underpins its growth, revenue streams, and investor confidence.