Capral Aluminium has released its financial results for the 12 months ending 31 December 2024.
The full year earnings were slightly down from the prior year’s record but ahead of guidance, supported by Capral’s diversified industry exposure.
The business reported an underlying earnings before tax, depreciation and amortisation (EBITDA) figure of $58.3 million, which was $3.2 million less than 2023’s $61.5 million.
Earnings before interest and taxes (EBIT) were $34.5 million, while net profit after taxes (NPAT) were $32.5 million compared to $31.8 million in 2023.
Sales revenue was on par with the year prior, coming in at $650 million for 2024.
Earnings per share was reported at $1.88 compared to $1.77 in 2023.
According to Capral, its carbon emissions reduction is also tracking ahead of target.
Capral Aluminium Managing Director, Tony Dragicevich, said the results demonstrate Capral’s strength within the market.
“Delivering strong earnings for yet another year is a very satisfying result and a reflection of how far Capral has progressed in being able to deliver solid earnings during a continued softness in the housing market,” he said.
“Capral has remained resilient in the face of higher interest rates and ongoing inflationary pressures that have impacted the broader market.”
Looking ahead, Dragicevich said Capral remains in a good position to capitalise on its extensive capabilities, take opportunities and grow the business for the future.
“The overall market for Capral’s products is forecast to remain steady during 2025, and we expect to see a lift in the residential market later in the year,” he said.
“On this basis, at this time and absent any unforeseen events, we expect earnings for FY25 to be broadly in line with the prior year.
“Therefore, Capral should be in a position to continue to return capital to shareholders by way of share buy-backs and unfranked dividends as required.”
In other news, a $13.9 million upgrade on a 1.8-kilometre section of the Sturt Highway is scheduled to begin.
