Lindsay Australia Ltd
ASX:LAU
Lindsay Australia Ltd
Lindsay Australia Ltd. engages in the provision of transport, logistics, and rural supply services. The company is headquartered in Acacia Ridge, Queensland. The firm is focused on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries. The firm operates through following segments: Lindsay Rural, Lindsay Transport and Lindsay Fresh Logistics. Lindsay Rural segment is engaged in the sale and distribution of a range of agricultural supply products. Lindsay Transport segment includes cartage of general and refrigerated products, ancillary sales, and warehouse and distribution. Lindsay Fresh Logistics segment provides unloading, cross-docking, storage, ripening, fumigation, and import and export services. The firm operates approximately above 40 stores and depots.
Lindsay Australia Ltd. engages in the provision of transport, logistics, and rural supply services. The company is headquartered in Acacia Ridge, Queensland. The firm is focused on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries. The firm operates through following segments: Lindsay Rural, Lindsay Transport and Lindsay Fresh Logistics. Lindsay Rural segment is engaged in the sale and distribution of a range of agricultural supply products. Lindsay Transport segment includes cartage of general and refrigerated products, ancillary sales, and warehouse and distribution. Lindsay Fresh Logistics segment provides unloading, cross-docking, storage, ripening, fumigation, and import and export services. The firm operates approximately above 40 stores and depots.
Revenue Growth: Lindsay Australia reported a 24.8% increase in group revenue to $540 million, with contributions from recent acquisitions and core business growth.
SRT Acquisition: Integration of SRT is progressing well, delivering synergy benefits above initial expectations and supporting double-digit EPS growth.
EBITDA & Earnings: Underlying EBITDA rose 16% to $66.3 million, while underlying NPAT was flat at $15.8 million due to higher depreciation and interest costs.
Dividend Payout: The Board declared a fully franked $0.021 per share dividend, increasing the payout ratio to 59% from 49% last year.
CapEx & Investment: The company invested $28 million in fleet and facilities in the first half, with capital expenditure expected to taper in the second half.
Operating Leverage: Recent investments provide capacity for future growth and margin expansion as conditions normalize.
Market Conditions: The transport market remains competitive, but cost pressures are stabilizing and the company sees signs of a gradual return to normal conditions.
Guidance: Lindsay expects to deliver over $1 billion in revenue for FY26, with stronger second half cash conversion and lower tax payments forecast.
