• Revenue up 13.3% to $1,659.6 million
• Underlying NPAT up 17.2% to $178.4 million
• Interim dividend increased 2.6% to 19.4 cents per share

ALS Ltd has reported a strong financial performance for the half year ended 30 September 2025. The Group achieved underlying revenue from continuing operations of $1,659.6 million, up 13.3% compared to the prior corresponding period, driven by growth in the Minerals, Industrial Materials, and Food businesses. Underlying NPAT was up 17.2% to $178.4 million, reflecting improved global mineral exploration conditions, strong performance in Industrial Materials and Food, and positive foreign exchange impacts. The Group delivered a strong improvement in free cash flow generation, with cash flow before capex of $304 million, an increase of $30 million. The Group's balance sheet has been reinforced following a $368 million equity raising in May 2025, with leverage now at 1.8 times. Based on the strong performance, the Directors have declared a partly franked interim dividend of 19.4 cents per share, up 2.6% compared to the prior corresponding period.

The Group expects to deliver high single-digit underlying revenue growth and mid-teens underlying NPAT growth for the full 2026 financial year.

The Group is well-positioned to continue executing on its growth strategy, with a strong balance sheet, available liquidity, and positive market conditions in its key operating segments.