• Group Revenue: $540.3 million (up 24.8%), driven by acquisitions and strong seasonal volumes
• Underlying EBITDA: $66.4 million (up 16.0%), reflecting acquisition contribution and network diversification
• Grow the Network: Acquisition-led growth enhanced scale and geographic diversification

Lindsay Australia Limited (ASX: LAU) has released its financial results for the half year ended 31 December 2025, delivering strong underlying EBITDA supported by positive contributions from acquisitions, strong seasonal volumes across Queensland and Western Australia, and enhanced geographic diversification. The first half reflects the full period contribution from SRT Logistics and GJ Freight, alongside continued execution of the Group's three pillar strategy of Grow the Network, Transformation and Performance and Sustainability. Group revenue increased 24.8% to $540.3 million and underlying EBITDA increased 16.0% to $66.4 million. Transport was the largest contributor to growth, reflecting the full period contribution from SRT Logistics together with organic expansion across key corridors and increased volumes from blue-chip dairy and protein customers. Strong citrus and avocado volumes further supported performance across Queensland and Western Australia. Rural delivered solid growth supported by expansion in Western Australia through GJ Freight, favourable seasonal conditions and continued strength in packaging. Hunter delivered improved earnings and margin performance, reflecting early progress under its three-year turnaround program and stabilising regional Victorian conditions. The Board has declared a fully franked interim dividend of 2.1 cents per share, representing a payout ratio of 59.2% compared to 4-year average of 38.6% for the half year. The Group has built a stronger and more integrated national platform capable of supporting future growth and delivering improved returns as operating leverage increases. With the peak phase of strategic investment complete, focus now shifts toward improving utilisation, strengthening free cash flow and progressing toward the mid-term ROIC target range.

Group revenue of $540.3 million (up 24.8%) and underlying EBITDA of $66.4 million (up 16.0%) for the half year ended 31 December 2025.

Medium to long-term fundamentals remain supportive, underpinned by population growth, expanding horticultural output and structurally higher freight demand. The Group has built a scalable, modernised national network through sustained investment in fleet, facilities and strategic acquisitions. This platform positions Lindsay to capture growth, enhance utilisation and deliver improved operating leverage as market conditions improve.