FY2026 Half Year Update

• Group Sales Revenue of $200.1 million, up 16.9% on prior year
• Profit After Tax of $22.9 million, up 18.0% on prior year
• Basic Earnings per Share of 52.4 cents, up 13.5%
• Dividends per Share of 36.0 cents, up 12.5%

Supply Network Ltd (SNL) has released its half-year update for the financial year 2026, reporting solid financial performance. The company's Group Sales Revenue reached $200.1 million, representing a 16.9% increase compared to the prior corresponding period. Profit After Tax (PAT) grew by 18.0% to $22.9 million, while Basic Earnings per Share increased by 13.5% to 52.4 cents. Dividends per Share also rose by 12.5% to 36.0 cents. The company highlighted that the 18.0% PAT growth was on a like-for-like basis, excluding the sale of its Christchurch property in July 2025, which had increased PAT in the prior corresponding period by $0.4 million. SNL also provided updates on its current network development projects, including the new branch in Auckland's North Shore, the relocation of existing branches in Toowoomba and Perth, and the upgrade of its Brisbane branch. The company stated that these projects are progressing well, without material changes to cost expectations, and are expected to contribute significantly to its future operating capabilities. Furthermore, SNL confirmed that there have been no changes to market dynamics, market strength, or other external factors that would materially impact its opportunities and business development plans. The company remains on track to meet or exceed its $50 million revenue growth target for FY2026 and will provide more commentary on its financial performance following the release of its full-year financial reports.

SNL is on track to meet or beat its $50 million revenue growth target for the full 2026 financial year.

SNL's current network development and IT projects are progressing well, without material changes to cost expectations, and are expected to make a significant contribution to the company's future operating capabilities. The company remains confident in its opportunities and business development plans, with no changes to market dynamics or other external factors that would materially impact its performance.