Operator Lindsay Australia has today released its financial results for the latest financial year, recording a boost to its revenue despite a “challenging market environment”.
While having to counter “margin compression and competitive intensity”, Lindsay Australia grew its operating revenue by 5.6 per cent to $849.8 million in the past financial year.
The operator says the revenue boost was driven by growth in transport and rural, with recent acquisitions supporting this.
Its underlying EBITDA was $81.4 million, down by nearly 12 per cent, but Lindsay pointed to its acquisitions of GJ Freight in Western Australia and Tasmania’s SRT Logistics as signs of its growing network.
Overall, Lindsay Australia invested $50.8 million in its fleet, infrastructure and strategic initiatives in the past financial year while also securing a new four-year enterprise agreement covering more than 1,800 employees.
On the transport side, Lindsay’s revenue, excluding fuel levy recoveries, increased by 5.9 per cent to $500.1 million for the financial year, with organic and strategic growth underpinning this boost.
“Margins were impacted by competitive operating environment, seasonal fluctuations, and elevated input costs, resulting in a 12.4 per cent decline in underlying segment profit,” Lindsay Australia says.
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“Through GJ Freight, the division expanded into South West WA, a fast growing horticultural region and progressed construction of the new Perth facility, which remains on track for completion in October 2025. Post year-end, the acquisition of SRT Logistics provided entry into Bass Strait Sea freight and the Tasmanian refrigerated transport market, further strengthening the group’s national network.”
On the rural side, revenue rose by 8.7 per cent to $165.5 million, driven by market share gains in southern regions and a strengthened position in Wide Bay, Queensland.
Moving forward, the operator says the completion of the Perth facility and upgrades in Adelaide are expected to boost scale, efficiency and network reach.
“I’m pleased with the performance and progress we achieved in FY25. The rural division carried its strong performance from H1 into H2, and transport continued to grow with strong service delivery, multimodal solutions, and deployment of our unique integrated operating model to support new and existing customers,” Lindsay Australia CEO Clay McDonald says.
“The effects of elevated transport capacity and input cost pressures continued to impact margins; however, these industry dynamics are also leading to increasing market rationalisation. Our transport division remains well placed to benefit when pricing equilibrium returns.
“Lindsay’s strategy to grow the network supported our entry into three significant regions by extending and connecting our operations into south-west Western Australia, the Goulburn Valley of Victoria, and the fast-growing Tasmanian market.
“Focused integration of these businesses will deliver enhanced service to customers, cost synergies, revenue opportunities and positive earnings per share growth for our shareholders going forward.”
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