SHAPE Delivers 59% Increase in NPAT and a 60% Dividend Increase for H1 FY24

EBITDA rose by 31% to $12.2 million, with an EBITDA margin improvement of 38% to 3%.

Spacious boardroom

SHAPE Delivers 59% Increase in NPAT and a 60% Dividend Increase for H1 FY24

  1. SHAPE Australia Corporation Limited reported a 59% increase in Net Profit After Tax (NPAT) for H1 FY24, amounting to $7.5 million.

  2. The company announced a 60% increase in its dividend to 8.0 cents per share for the same period.

  3. EBITDA rose by 31% to $12.2 million, with an EBITDA margin improvement of 38% to 3%.

  4. Project wins for the half-year totaled $526.8 million, a 29% increase from the prior corresponding period.

  5. Backlog orders reached $457.2 million, up 24% compared to the previous year.

  6. Revenue for H1 FY24 was $415.2 million, a decrease of 5% from the prior corresponding period, but gross margin increased to 9%.

  7. The company highlighted a strong forward pipeline with a projected value exceeding $3.6 billion.

  8. SHAPE has seen positive momentum across its three growth and diversification pillars: Defence, Modular, and regional expansion.

  9. The Modular division alone secured approximately $22.9 million in project wins during the half.

  10. SHAPE CEO Peter Marix-Evans emphasized the company's focus on culture, safety, and profitability as key to its strong H1 FY24 performance.

  11. The company maintains a high Net Promoter Score (NPS) of +87, indicating strong customer satisfaction.

  12. SHAPE operates across multiple sectors and has a significant presence in Australia with over 600 employees.

This announcement is a summary of the company approved ASX announcement on 22/2/2024 and is based on facts.