Supply chain and logistics company Brambles has delivered a 10% lift in net profit after tax (NPAT) to US$445.7 (A$707.5) million for the first half of the 2025 financial year (H1 FY25).
Brambles, which is best known for its CHEP pallets business, said the improved result was struck on a 3% rise in revenue to $3.37 billion in the six months ended 31 December 2024.
The company said operating profit from continuing operations grew 8% to $717.9 million.
Directors declared an interim dividend of US 19 cents per share, up 27% on the comparative period, to be paid on 10 April to shareholders registered on 13 March.
Brambles also reaffirmed FY25 guidance of underlying profit growth of between 8-11% at constant currency rates.
CEO Graham Chipchase said the first half performance reflected the benefits of the transformation programme, including operational efficiencies, which were enhancing the customer value proposition and supporting strong financial outcomes.
He said the company transitioned to more normalised revenue growth during the half with positive contributions from new business wins and like-for-like volumes and ongoing price realisation to recover modest increases in our cost-to-serve.
Although underlying demand remained relatively subdued and varied across markets, the return to net new business growth was encouraging, particularly in the US business.
“Combined with our sales and profit guidance, which was reconfirmed today, achieving our FY25 outlook will see us deliver every component of our investor value proposition,” Chipchase said in an ASX announcement.
Brambles (ASX: BXB) shares closed on Wednesday at $19.62, up 33 cents (1.71%), capitalising the company at $27.13 billion.
