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Full Year Results
29 July 2025
Introduction
A strong focus on minimising the financial impact of the well documented external challenges
Successful divestment of DG Americas creating a simpler, more profitable and cash-generative Group
Clear opportunities ahead - sustainable growth in revenue and margin expected over coming year
Contents
FY2025 Summary
DG Americas
FY2025 Group results
The Future
Presenters
Stewart Gilliland, Interim Executive Chair
Rohan Cummings, Chief Financial Officer
FY2025 Summary
Revenue declined by 9% to $729.3m (FY2024: $800.1m)
Adjusted operating profit of $5.2m (FY2024: $31.1m) with margins down 320bps to 1% (FY2024: 4%)
Continued growth of SmartwrapTM
Year-end net cash position of $84.4m (FY2024: $95.2m), with a higher average cash position maintained year-on-year
Closure of inefficient China manufacturing facility
Post year-end, successful divestment of DG Americas, resulting in a simpler, more profitable and cash-generative business
DG Americas FY2025 results & successful divestment
DG Americas
DG Americas 2025
2024
Change
now successfully divested
$m $m
Turnover
439.5
500.3
(12)%
Adjusted Operating (Loss)/Profit
(15.5)
6.8
(329)%
Margin (3.5)% 1.4% (490)bps
60%
Revenue declined 12%
Operational
of Group Revenue
Market softness and competitive US retail environment
Customer bankruptcies
Adjusted Operating Loss $15.5m
Top line decline and compounding impact on operating leverage
Customer bankruptcies, including provisioning requirements ($12m)
Partially offset by benefits from turnaround initiatives (c.$18m)
Further site consolidation, with $8.4m cash released from the sale of a surplus property
Turnaround projects totalling c.$18m
Continued execution of turnaround projects throughout the year:
Two organisational restructurings, saving c$7m in staff costs
Consolidation of sourcing teams
5
Operational savings c$6m
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