• Revenue of $674m, up 6.6%
• Gross profit of $145m, up 5.9%
• Net Cash and Cash equivalents of $145m (zero net debt)

Redox Ltd (ASX: RDX, 'Redox' or 'the Company'), a leading supplier and distributor of chemicals, ingredients and raw materials, announced its financial results for the half-year ended 31 December 2025 (1H26). Key 1H26 Financial Highlights (versus 1H25) include revenue of $674m, up 6.6%, gross profit of $145m, up 5.9%, and a gross profit margin of 21.5%. The company also reported net cash and cash equivalents of $145m (zero net debt), a conversion margin of 44.7%, down 0.5ppts, and an interim dividend of 6.5 cents per share. Sales revenue grew 6.6% to $674 million, driven by organic growth and recently acquired businesses. Industrial sales jumped 29% due to power transmission and generation sales in APAC and customer wins in North America, while food sales were also robust. Gross profit increased 5.9% to $145 million, as product mix improved and US sales grew. Underlying operating expenses increased $6 million, primarily due to staff-related and other administrative costs. Underlying NPATFX increased 1.0% to $41.3 million, and the gross profit margin of 21.5% remained resilient. Cash flow from operations was strong, increasing $50 million to $62 million, with a free cashflow conversion of 91.4%. Redox expanded its sales team to 200 representatives in 1H26, and Australian revenue increased 6.2%, while North American sales jumped by 33.2%.

Redox remains financially strong, with zero net debt, and is well placed to benefit from an improving environment to capture growth across its broad range of product segments and geographies. The company remains focused on organic growth, disciplined cost management, and pursuing strategic M&A, particularly in North America. The chemical and ingredients distribution sector continues to offer compelling structural growth opportunities, and Redox is well positioned to capitalize on them.