Redox Ltd

F:AE0

Revenue Growth: Redox reported first half 2026 sales of $674 million, up 6.6%, with strength in Industrial and Food segments and North America driving results.

Margins: Gross profit margin held steady at 21.5%, showing resilience despite subdued global demand.

EPS & Returns: Earnings per share rose 8.9% to $0.083, while return on invested capital improved to 14%.

Cash Position: The company finished the half with a strong net cash position of $145 million and no net debt, providing flexibility for future growth.

Dividend: The board declared an interim dividend of $0.065 per share, representing a 78% payout of net profit, within the targeted range.

Outlook & M&A: Management sees ongoing growth opportunities in North America and a strong M&A pipeline, but remains disciplined and does not expect an imminent acquisition.

Pricing Environment: Product prices remained stable in the first half, but management expects upward pricing pressure in the future.