• FY25 revenue up 3% to $481.5m, cash flow from operations up 27% to $44.7m
• Underlying EBITDA down 19% to $52.1m, underlying NPAT down 78% to $3.5m
• Challenging market conditions including price competition, lower mining demand, and higher costs

The CEO's address provides an overview of DGL Group's FY25 financial performance, which saw revenue increase by 3% to $481.5m and cash flow from operations improve by 27% to $44.7m. However, underlying EBITDA declined by 19% to $52.1m, and underlying NPAT fell by 78% to $3.5m. The key drivers behind these results include strong performance in crop protection, chemical manufacturing, and transport and warehousing, which was offset by negative impacts such as increased price competition for lead acid batteries, lower mining sector demand, further normalization of Adblue pricing, and higher costs across the business. The company is taking various actions to address these performance issues, including the closure of its lead recycling operations, expansion of manufacturing capacity, migration to larger and more productive warehouse and distribution sites, headcount reductions, and significant investment in group-wide systems upgrades. The CEO also provided a divisional performance update and outlined the company's business strategy, which focuses on safety, integration, expanding operations, leveraging capabilities, and enhancing systems. The trading update for the first three months of FY26 indicates a relatively slow start, with the ERP implementation causing some delays in production and order fulfillment, although the company expects to recover the majority of the delayed sales during H1 FY26. The CEO remains positive on the outlook for the second half of FY26, with the business typically stronger in the second half of the year.

DGL will continue to reinvest cashflow back into the business to execute on management's growth strategy and focus on building recurring revenue streams and improved profitability. The company remains positive on the outlook for H2 FY26, with the business typically stronger in the second half of the year.