FY25 Key Metrics:
• Group revenue of $430.5m, up 8.2% on FY24, with pleasing growth in both China and Australia
• Australia revenue increased by 6.4% on FY24 driven by ongoing demand for
supermarket floral products and supported by new sale or return conversions and the launch of a new brand with a customer
• China revenue increased 18.3%, with strong growth in tulip and export volumes and moderate growth in roses. Event pricing across the second half was also strong
• Group EBITDA of $43.2m ahead of guidance, up 9.1% on FY24, with Australia
demonstrating stability and overall margin improvement of 20 basis points
• NPATA of $10.2m, up 11.4% on FY24
• Final dividend for FY25 of 9.0 cents fully franked declared
Hugh Toll, Chief Executive Officer, commented: “We were pleased with the Group’s performance over the year with the second half seeing an improvement in consumer confidence and sales momentum across our markets. Australia floral demand continued to be positive, supported by a customer new brand launch and SOR store conversions. Further, China’s improved sentiment is translating into a better sales dynamic and pricing across our channels to market, as evidenced by key events in the half.
Supermarkets in Australia are increasingly being chosen by consumers for their floral purchases, with some way to go before they match the penetration of this category in other advanced economies. We saw positive customer reaction to the launch by one of our customers new brands and we had another successful campaign targeting the key events of Valentine’s Day and Mother’s Day.
China is stabilising with some green shoots appearing, reflected in strong event performances and improving average selling prices (ASP) in the second half of year.
Overall, this was a solid year for the business with revenue and EBITDA growth in both of our key markets.”
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“by any other name”.
