WTN – Winton Land | Aussie Stock Forums

What’s doing?

Well firstly the volume pi55 poor.
According to the – 6th monthly ending 31 December 2024 published 21/02/25:

• Revenue of $81.1 million decreased 5.3% compared to H1 FY24 revenue of $85.6 million;
• Revenue for the period is attributed to 90 units settled, down 68 units from 158 in H1 FY24, a full six months of trading at Ayrburn compared to one month in the prior period, and rent received;
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) for H1 FY25 decreased to a loss of $0.1 million from $14.2 million profit in H1 FY24, and there is a net loss after tax of $2.0 million in H1 FY25 compared to a $9.7 million net profit after tax in H1 FY24;
• The decrease in profitability reflects the lower number of settlements, a $2.8 million investment properties fair value loss in H1 FY25 compared to a $2.6 million gain in H1 FY24;
• $3.6 million increase in administrative expenses reflecting a full six months of administration expenses from the establishment and operation of Ayrburn;
• $1.0 million higher depreciation and a $0.7 million decrease in net interest income. This is offset by 10.1% lower selling expenses, mainly attributable to lower marketing costs; and
• Chris Meehan, Chair and CEO of Winton said: “These results reflect the struggling economic environment and a year of lower product delivery in Winton’s residential development timeline.

The company entered the second half of FY25 with $26.1 million in cash reserves (inclusive of loan reserves). $0.005 not franked dividend on 26/02/24 – 0.30% dividend yield.

Chart update:
Weekly

Not holding

Kind regards
rcw1