Johns Lyng Group Limited (ASX:JLG) Reports Resilient FY25 Performance
Financial Performance
Johns Lyng Group reported FY25 revenue of $1.180 billion, a 1.8% increase from FY24. Group EBITDA stood at $126.8 million, slightly down from $129.6 million in the previous year. Net profit after tax was $54.1 million.
Operational Highlights
The Group secured new multi-year national contracts with Zurich, AIG, Aidacare, and TIO, and extended agreements with Suncorp, Hollard, Allianz, Auto & General, and Market Lane Group. The acquisition of Queensland-based Keystone Group bolstered JLG’s east coast presence.
Scheme of Arrangement
JLG entered a Scheme Implementation Deed with Sherwood BidCo Pty Ltd, controlled by Pacific Equity Partners, to acquire 100% of the company’s shares for $4.00 per share in cash, representing a 77% premium.
Future Outlook
For FY26, JLG forecasts sales revenue of $1.264 billion and EBITDA of $120.5 million, supported by a growing pipeline of work and strategic growth initiatives.
Executive Comments
CEO Scott Didier AM stated, “This result demonstrates the strength, depth and adaptability of our business. In a year with far fewer major weather events, our team has delivered strong earnings from our core operations, proving the success of our long-term strategy and the trust we have built with our clients. On behalf of the Board, I thank our people, clients, and shareholders for their continued support. We are positioned for continued momentum and remain steadfastly committed to delivering exceptional service for the communities we serve.”
CFO Matthew Lunn commented, “We’ve delivered a resilient result and continued to grow our business without compromising our balance sheet. Our prudent cost control, modest gearing and improved cash conversion give us the flexibility to reinvest with a focus on sustainable, long-term growth.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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