Brambles Ltd. (BXB.AX,BMBLF.PK), a pooling solutions company, reported that its profit attributable to members of the parent entity for the first-half of 2025 increased to US$446.2 million or 31.9 cents per share from US$407.8 million or 29.2 cents per share in the prior year.
Profit after tax from continuing operations was US$445.7 million, an increase of 11% from the prior year due to the growth in Underlying Profit and a 2% decrease in net finance costs, reflecting a lower average debt balance in the first-half of 2025 from stronger free cash generation. This was partially offset by higher lease interest expense due to an increase in interest rates and lease liabilities.
Underlying profit and operating profit was US$717.9 million up 10% from the prior year driven by price realization to recover cost-to-serve increases, a US$68 million decrease in uncompensated pallet losses (IPEP) and supply chain efficiencies linked to operational excellence and network optimization initiatives.
Sales revenue from continuing operations of US$3.372 billion increased 4% with equal contributions from price realization and volume growth. Volume growth of 2% was driven by net new business wins and like-for-like volumes which both increased 1%.
The Board has declared a 2025 interim dividend of 19.0 US cents per share. The interim dividend is payable on 10 April 2025 to shareholders on Brambles' register at 5.00pm AEDT on 13 March 2025. The ex-dividend date is 12 March 2025.
Given the on-market share buy-back program in progress, the Board has decided to continue to suspend the dividend Reinvestment Plan.
Looking ahead for the year ended 30 June 2025, the company still expects underlying profit growth to be between 8%-11% at constant currency; sales revenue growth of between 4-6% at constant currency.
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