ALS Limited (ALQ.AX) reported that its net profit after tax attributable to equity holders of the Company for fiscal year 2025 climbed to A$256.2 million or 52.5 cents per share, from A$12.9 million or 2.6 cents per share last year. In the previous fiscal year, the financial results reflected a one-time impairment and restructuring provisions for Nuvisan, amounting to A$248.8 million. In addition, the company announced A$350 million equity raising to fund developments and future growth.
Underlying net profit after tax was A$312.1 million, a decline of 1.4% from last year, impacted by the fluctuating exploration environment impacting Commodities, unfavourable FX impacts, and higher interest costs linked to recent acquisitions.
But annual revenues increased to A$2.999 billion from A$2.462 billion last year.
The company has announced a final dividend of 19.7 cents per share for the year, slightly increasing from the 2024 final dividend of 19.6 cents per share. Combined with the interim dividend of 18.9 cents per share, the total partly franked dividend for the year amounts to 38.6 cents per share, compared to 39.2 cents per share in 2024. The dividends will be paid on 25 July 2025 to shareholders on the register at 4 July 2025.
As a result of the equity raising, the dividend Reinvestment Plan has been suspended for the fiscal year 2025 final dividend.
In July 2025, the operational headquarters will be relocated from Houston, Texas, to Europe, where close to 40% of the workforce is based. In this regard, during July 2025, the Chief Executive officer and Managing Director, Malcolm Deane, and the Chief financial officer, Stuart Hutton, will relocate to Madrid, Spain, the company said.
The Group remains on track to execute on strategy and meet the fiscal year 2027 financial targets including growing revenue to A$3.3 billion and growing underlying EBIT to A$600 million, with a Group EBIT margin floor of 19%.
ALS said it is launching a fully underwritten A$350 million institutional placement of new fully paid ordinary shares in ALS to institutional and sophisticated investors.In addition to the Placement, ALS will offer eligible shareholders the opportunity to participate in a non-underwritten share purchase plan (SPP) to raise up to A$40 million.
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