Stealth Group Holdings Ltd. · ASX:SGI
Stealth — FY2025 Earnings Presentation
58 slides from Stealth's earnings presentation, Aug 27, 2025
Slide 1: 2025 Full-Year Results Briefing Presentation
A diversified Australian Distribution Company of Industrial, Safety, Automotive, Workplace & Consumer, Everyday Products. 2025 Full-Year Results Briefing Presentation 26TH AUGUST 2025 Stealth Group Holdings | 2025 Full-year results 11
Slide 2: Disclaimer
Disclaimer This document has been prepared by Stealth Group Holdings Ltd (the Company) and is provided for information purposes To the maximum extent permitted by law, each Limited Party expressly disclaims any and all liability, including, without only. This document does not constitute an offer, i
Slide 3: Presentation outline
Presentation outline Introduction – Group Overview 2025 Group Performance 8 Financial Performance 16 Progress of Strategy 27 FY28 Growth Strategy 42 Trading Update and Outlook 46 Appendices - Appendix 1: Additional Financial Information 49 – More about Stealth Group 51 More detailed information rega
Slide 4: About the Stealth Group
About the Stealth Group Stealth Group is a leading diversified Australian distribution company with two distinct business models—Industrial Distribution and Consumer Products— servicing business, trade-professionals, and retail customers across diverse markets. With $145 million of annual sales, Ste
Slide 5: Our Business operates a dual-division model
Our Business operates a dual-division model We are a distributor, a wholesaler and a retailer Industrial Distribution OUR STRENGTHS • Wide range, best prices, best experience. The Industrial Services Group is the leading distributor and a retailer of a wide-range of industrial, safety, automotive an
Slide 6: Stealth's portfolio has expanded and strengthened
Stealth’s portfolio has expanded and strengthened, with a focus on everyday products for industry and consumers. SUMMARY Sales Growth 9x acquisitions ($ millions) 300 7x Exclusive Rights 2x Own-label Brands WE ARE ONE OF AUSTRALIA’S LARGEST DIVERSIFIED DISTRIBUTION COMPANIES 2x New Companies 250 Ind
Slide 7: Corporate Information
Corporate Information KEY FUNDAMENTALS SHARE PRICE CHART 30 June 2025 Market Cap ($m) $94.56m Total Shareholder Return 1-year +252% Total Shareholder Return 3-year CAGR 94% Share Price (30 June 2025) $0.73 Total Shares 129,532,953 Industry Sector Industrials ASX Code SGI Website stealthgi.com OUR BU
Slide 8: 2025 Group Performance
2025 GROUP PERFORMANCE Stealth Group Holdings | 2025 Full-year results 8
Slide 9: Opening Message
Industrial Distribution Opening Message • Stealth Groups portfolio of high-quality businesses with competitive advantages and attractive growth opportunities remains well-placed to deliver on its FY28 target of $300million in annual sales. – We are building leading market positions, from our strateg
Slide 10: 2025 Full-year financial highlights
2025 Full-year financial highlights Record year of growth across all financial metrics. Sales EBITDA1 up 27.6% to up 62.3% to $145.1m $9.9m Revenue $141.7m 7% of revenue NPAT EPS (cents per share) up 130.3% to up 96.2% to $3.1m 2.63¢ Net Debt Cash balance Full-year dividend down 37.1% to up 42.3% to
Slide 11: Group Performance Financial Summary
Group Performance Financial Summary Year ended 30 June 2025 ($m) unless shown otherwise FY25 FY24 Variance (%) Key Financials Gross Sales 145.1 113.7 27.6 Revenue 141.7 113.7 24.7 Gross Profit 40.7 33.7 20.8 Earning before depreciation, amortisation, interest and tax 9.9 6.1 62.3 Earnings before int
Slide 12: 5-years of Growth Performance
5-years of Growth Performance SALES GROWTH GROSS PROFIT EBITDA GROWTH NPAT GROWTH EARNINGS PER SHARE ($ millions) GROWTH ($ millions) ($ millions) 2 ($ millions) 2 21.4% CAGR 20.5% CAGR 35.9% CAGR 20.5% CAGR 52.6% CAGR 150 45 10 4 3.0 9.9 40 145.1 2.5 120 8 40.7 35 2.6 3 30 3.1 2.0 33.7 113.7 32.6 1
Slide 13: FY25 Sales and Fulfilment Metrics
FY25 Sales and Fulfilment Metrics Customer Orders Spend on Marketing, Promotion Per Week and Advertising 4,420 3.38% of total group sales Units Delivered Average Order Value Average Weekly Supplier eCommerce Sales Per Week (AOV) Purchase Orders Industrial Distribution 158,278 $676 927 4.4% 106,670 I
Slide 14: Industrial Distribution eCommerce & Digital Tools FY25 Metrics
Industrial Distribution eCommerce & Digital Tools FY25 Metrics 18.3% >419.7K Sales Growth Website Views >80K >32K PRINTED CATALOGUES EMAIL DISTRIBUTED SUBSCRIBERS NATIONWIDE
Slide 15: Consumer Products eCommerce & Digital Tools FY25 Metrics
Consumer Products eCommerce & Digital Tools FY25 Metrics 18.6% >120.7K Sales Growth Website Views >10K >16.5K EMAIL INSTAGRAM SUBSCRIBERS FOLLOWERS
Slide 16: Financial Performance
FINANCIAL PERFORMANCE Stealth Group Holdings | 2025 Full-year results 16
Slide 17: Results Summary
Results Summary Record year of growth across all financial metrics. Continued momentum in strategic Record year of growth across all financial metrics, demonstrating continued execution and financial performance. momentum in its strategic execution and commercial performance: Opportunities for incre
Slide 18: 5-year Historical Results Overview
5-year Historical Results Overview Year ended 30 June ($m)1 FY25 FY24 FY23 FY22 FY21 Sales 145.1 113.7 111.0 99.6 66.7 Revenue 141.7 113.7 111.0 99.6 66.7 Gross Profit 40.7 33.7 32.6 30.1 19.3 EBITDA 9.9 6.1 5.3 4.0 2.9 EBIT 6.5 3.2 2.3 1.4 1.3 PBT 4.4 1.9 1.3 0.7 0.9 NPAT 1 3.1 1.4 0.9 0.6 0.6 Basi
Slide 19: Division Sales Performance
Division Sales Performance FY24 to FY25 Sales Bridge $150m Year ended 30 June ($m)1 FY25 FY24 Growth (%) Product Category Sales ($m) $100m Industrial Distribution 103.6 101.0 2.6% Industrial (discontinuing operations)1 0.00 10.8 n.m $50m Consumer Products 41.4 1.9 n.m Total Sales 145.1 113.7 27.6% F
Slide 20: FY25 Sales Mix by Channel and by Master Product Category
FY25 Sales Mix by Channel and by Master Product Category Inside Stealth’s $145m Sales Machine Sales Mix by Master Product Category Automotive Other 2% Subscriptions & Workplace 3% Charge-thru 5% 5% Safety Online 14% 9% $145.1m $145.1m Industrial Retail Sales Sales 50% Resellers 22% Consumer Direct-t
Slide 21: Income Statement
Income Statement Results demonstrate our focus on disciplined growth Record Revenue, increased 24.7% Year ended 30 June ($m) 1 FY25 FY24 Variance (%) • Record revenue, continues unbroken 11-year period of growth. Sales 145.1 113.7 27.6% • Driven by growth in both repeat and new active customers, exp
Slide 22: Working Capital, Cash Flow
Working Capital, Cash Flow Net working capital cash movement Year ended 30 June ($m) 1 FY25 FY24 Statutory EBITDA 9.9 6.1 Focused and disciplined approach to capital management, with flexibility. Cash flow from operations 6.7 7.8 Cash in bank Interest (1.5) (1.2) • Increased 42%, record of $14.4m, u
Slide 23: Investment - Capital Expenditure
Investment - Capital Expenditure Gross capital expenditure of $4.8m, 3.3% of sales. CAPITAL EXPENDITURE Higher capex than previous years and largely directed towards FY28 strategic growth enabled initiatives brought forward projects after the April capital raise that will deliver future benefit in s
Slide 24: Balance Sheet
Balance Sheet Robust – reflects capital light nature of our business Year ended 30 June ($m) 1 FY25 FY24 • Strong capital management provides us with flexibility to take advantage of market conditions and pursue growth, whilst managing downside risk. Working Capital • Low net debt, Net Debt / EBITDA
Slide 25: Debt Management
Debt Management Debt summary ($m) FY25 FY24 FY23 FY22 • Full repayment of our final fixed debt facility of $1.0 million in September 2024. Gross debt 21.2 20.9 14.9 14.9 • Net debt $6.8m (FY24: $10.8m). (14.4) (10.1) (7.7) (4.7) Cash and equivalents • In June 2024, Stealth assumed $5.9m Force workin
Slide 26: Shareholder distributions
Shareholder distributions • The Board has declared a fully franked ordinary final dividend of 1 cent per share, up from 0.84 cents last year, reflecting continued strong performance. • The dividend equates to a payout ratio of approximately 41.5% of profits. • The Dividend Reinvestment Plan (DRP) re
Slide 27: Progress on Strategy
PROGRESS ON STRATEGY Stealth Group Holdings | 2025 Full-year results 27
Slide 28: FY25 Growth Agenda
1 FY25 Growth Agenda Value Future • Continue with FY28 strategic agenda. To 30 June 2025 ✓ Strong, value-based offers focused on everyday products. ✓ Expand range - exclusive brands, own-label, private-label What We Said We Would ✓ Launch Hire tool and equipment business. 8/9 Completed Do in January
Slide 29: Strategic takeaways from Stealth's FY25 Journey
Strategic takeaways from Stealth’s FY25 Journey 2 Significant progress on ecosystem and new platforms for growth RECORD FINANCIAL SIGNIFICANT SHAREHOLDER COMPLETED CAPITAL RAISE TECHNOLOGY PERFORMANCE VALUE $7.5M ADVANCEMENTS Results reflect continued strong Strategic delivery has led to Stronger ba
Slide 30: Strategic takeaways from Stealth's FY25 Journey (continued)
Strategic takeaways from Stealth’s FY25 Journey (continued) 3 Significant progress on ecosystem and new platforms for growth PORTFOLIO IS WELL- POSITIONED SECURED GROWTH REVAMP STORES / LAYOUTS SUPPLY CHAIN TO DELIVER ON OUR FY28 TARGET OPPORTUNITIES INVESTMENT OPTIMISATION OF $300M IN ANNUAL SALES
Slide 31: Progress on April25 capital raise
5 Progress on April25 capital raise – working capital allocation USE OF FUNDS INITIATIVE PROGRESS New exclusive agreements won in July25 with consumer electronics 1 Working capital to accelerate exclusive and own brands brands CASETiFY, Belkin, Ember, and Rivo-private-label brand eCommerce platform
Slide 32: Progress on Exclusive/Private-label Products, eCommerce, and Hire
5 Progress on Exclusive/Private-label Products, eCommerce, and Hire. Item Model Updated FY26 targets Progress Update 1 CAT Power Tools Exclusive Distribution Rights Ranged in 30 stores by June26 – Ranged in 8 stores by September 2025 Awarded March25 – 12 additional stores by Dec25 – Inventory on-rou
Slide 33: Our Products - Industrial Distribution
INDUSTRIAL DISTRIBUTION Our Products FY25 Sales • Industrial & Tools $103.6m • • Safetywear, Workwear, PPE Workplace Consumables & Equipment • Materials Handling, Hardware • Automotive parts & Accessories • And lots more… Our Industrial Distribution Division supplies a broad range of multi-category
Slide 34: Industrial Distribution: Omni-channel eco-system
Industrial Distribution: OMNI-CHANNEL ECO-SYSTEM INSTORE eCOMMERCE CATALOGUES & MARKETING OUTDOOR ADVERTISING IN-STORE & ONLINE TRADE EVENTS SOCIAL MEDIA & DIRECT MARKETING Features to assist customers seeking value • Weekly specials • Product Suggestions Stealth Group Holdings | 2025 Full-year resu
Slide 35: Industrial Distribution – Example of our Products & Brands
Industrial Distribution – Example of our Products & Brands DISTRIBUTED DISTRIBUTED EXCLUSIVE Stealth Group Holdings | 2025 Full-year results 35
Slide 36: Marketing and Advertising is targeted
Marketing and Advertising is targeted to attract different types of customers Stealth Group Holdings | 2025 Full-year results 36
Slide 37: Consumer Products
CONSUMER PRODUCTS FY25 Sales $41.5m The Consumer Products Division is a brand-centric, multi-category distributor representing exclusive, non-exclusive, own-label and white-label products across mobile accessories, audio, power and the imminent launch of safety consumables. Products are sold through
Slide 38: Consumer Division: Omni-channel ecosystem
Consumer Division: OMNI-CHANNEL ECOSYSTEM INSTORE ONLINE & SOCIAL MEDIA PRINTED & DIGITAL CATALOGUES DIRECT EMAIL MARKETING IN-STORE DISPLAYS ECOMMERCE MARKETPLACES Stealth Group Holdings | 2025 Full-year results 38
Slide 39: Consumer Products - Example of our Products & Brands
Consumer Products - Example of our Products & Brands DISTRIBUTED DISTRIBUTED RANGE EXCLUSIVE RANGE Stealth Group Holdings | 2025 Full-year results 39
Slide 40: Private Label Brands
Private Label Brands - DISTRIBUTED OWN-LABEL WHITE-LABEL Stealth Group Holdings | 2025 Full-year results 40
Slide 41: FY25 Divisional highlights
FY25 Divisional highlights INDUSTRIAL DIVISION CONSUMER DIVISION BRANDS HIRE BUSINESS 01 02 03 04 05 06 Business & Trade Trade & Retail Wholesale Retail & Business Exclusive, Own-label & Hire Business Private-label brands Technology • Performance highlights the • Benefited from productivity • Wholes
Slide 42: FY28 Target – Catalysts for Growth
FY28 TARGET – CATALYSTS FOR GROWTH Stealth Group Holdings | 2025 Full-year results 42
Slide 43: We are building a market-leading Company
We are building a market-leading Company with clear competitive advantages. Our Belief Our Vision Our Purpose Our FY28 Target We are a quality company to To build Australia’s market- We’re here to help provide businesses, Our target is to reach $300+ million in invest in. leading alternative to the
Slide 44: FY28 Target
FY28 Target FY28 target to reach $300+ million in annual sales Sales EBITDA NPAT $300m+ 8%+ 5%+ of Sales of Sales Value-creating strategies – New growth plays to expand and innovate our offer – Enhance productivity through our entire operations, Capital Investment Exclusive, White-label including AI
Slide 45: Catalysts for Growth
Catalysts for Growth – to deliver $300m+ in annual sales in FY28 $300m+ 9 Sales pathway 8 7 6 Pipeline of attractive, long-term growth 5 Growth opportunities across 9 key areas of focus 4 $155m+ 3 1. Customer expansion – existing, new, and cross-selling 2 1 2. Productivity gains, lower costs % of sa
Slide 46: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK Stealth Group Holdings | 2025 Full-year results 46
Slide 47: Outlook
Outlook Portfolio is well- positioned to deliver strong growth and returns over DEMAND PROFILE TO BENEFIT the long term – Our customer proposition focused on price, range and convenience continues to resonate with customers. We anticipate ongoing demand for our products to benefit FY26 & beyond driv
Slide 48: Appendices
APPENDICES Stealth Group Holdings | 2025 Full-year results 48
Slide 49: Additional Information – Financial
ADDITIONAL INFORMATION FINANCIAL A Stealth Group Holdings | 2025 Full-year results 49
Slide 50: Capital Management
Capital Management Disciplined Capital Management Operating Activities Investment Activities Financing Activities $4.9m ($4.8m) $4.2m 6.5 0.1 -0.2 7.1 14.4 -1.6 -1.0 10.1 -3.8 -0.6 -2.3 $m Note: Refer to the Company financial statements for more information Stealth Group Holdings | 2025 Full-year re
Slide 51: About Stealth Group
ADDITIONAL INFORMATION ABOUT STEALTH GROUP B Stealth Group Holdings | 2025 Full-year results 51
Slide 52: Our Business
Our Business WHAT WE DO We are a direct-to-business distributor, a wholesaler, and a retailer. With two distinct divisions—Industrial & Safety, and Consumer, we are many things to many different customers across diverse markets, Australia-wide. The business runs an innovative omni-channel model, dis
Slide 53: Quick facts
Quick facts QUICK FACTS INDUSTRIAL DISTRIBUTION → 2014 Established. Company Banners → 2018 Listed for trading on the Australian Securities Exchange. → 2025 - $145.1M Sales → 242+ Team members (as of publication). CONSUMER PRODUCTS → 32+ Industrial branch and store locations across Australia combinin
Slide 54: Our capability stack provides the backbone for growth
Our capability stack provides the backbone for growth, margin expansion, and scalability across Industrial Distribution and Consumer Products divisions • Physical Network • Digital Commerce Infrastructure • Supply Chain, Manufacturing & Logistics • Data & Technology • People & Processes CAPABILITY S
Slide 55: Capability beyond omni-channel
Capability beyond omni-channel…. multi-touchpoint ecosystem Significant progress on ecosystem and new platforms for growth Industrial Distribution Division Consumer Products Division Tier Business-to-Business (B2B) + Hybrid Retail (Hybrid Retail–Distribution Model) Tier 1 - Direct Sales & Service Fi
Slide 56: Operating Divisions - At A Glance
Operating Divisions - At A Glance Industrial & Safety Division • Positioning: Multi-Sector, Broad-Range, Multi-Category Leader • Sectors: Industrial, safety, hardware, tools, automotive, hire • Categories: PPE, MRO, tools, fasteners, uniforms, consumables, hire equipment • Channels: Wholesale, compa
Slide 57: Competitive sample of our B2B and B2C Market
Competitive sample of our B2B and B2C Market in Australian Sectors Proven Model by Stealth Competitor major players Industrial & Safety Tooling Safety Products Goods Safety Goods No major or dominant player. Convenience retail marketplace DIY Industrial & Hardware Supplies (Not full range) Mobile, T
Slide 58: Last Page
LAST PAGE Stealth Group Holdings | 2025 Full-year results 58
Stealth Group Holdings — FY2025 Earnings Presentation on 6ix