Half Yearly Report and Accounts

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Stock REDOX Ltd (RDX.ASX)
Release Time 19 Feb 2026, 8:19 a.m.
Price Sensitive Yes
 Redox Ltd Reports 8.9% Increase in H1 FY26 Profit
Key Points
  • Revenue up 6.6% to $673.6 million
  • Profit after tax up 8.9% to $43.8 million
  • Interim dividend of 6.5 cents per share declared
Full Summary

Redox Limited, a leading distributor of chemicals, ingredients, plastics and other raw materials, has reported a strong financial performance for the half-year ended 31 December 2025 (1H FY26). Revenue increased by 6.6% to $673.6 million, driven by a 33% growth in the North American market across the Industrial and Food sectors. Gross profit margin remained relatively stable at 21.5%. Underlying EBITDAFX, a key non-IFRS measure used by management, increased by 4.6% to $64.6 million. Statutory net profit after tax (NPAT) grew by 8.9% to $43.8 million. The company's balance sheet remains strong, with net cash of $61.9 million and a return on invested capital of 14.0%. The Board has declared a fully franked interim dividend of 6.5 cents per share, an 8.3% increase compared to the prior corresponding period. Redox remains focused on organic growth, disciplined cost management, and strategic M&A, particularly in North America, to capitalise on the structural growth opportunities in the chemical and ingredients distribution sector.

Guidance

Redox expects to deliver growth through disciplined execution and diversification through the remainder of FY26. The company remains financially strong with zero net debt and is well positioned to benefit from an improving environment to capture growth across its broad range of product segments and geographies.

Outlook

While market conditions remain dynamic, Redox continues to demonstrate resilience and expects to deliver growth through disciplined execution and diversification through the remainder of FY26. The company remains focused on organic growth and disciplined cost management, while pursuing strategic M&A, particularly in North America, to capitalise on the compelling structural growth opportunities in the chemical and ingredients distribution sector.