Delegat Group has reported a 25% decline in operating net profit after tax for the first half of the 2025 financial year.
The decrease in profit was attributed to the lower-yielding 2024 vintage, challenging consumer and inventory dynamics, and the impact of planned price increases in certain markets on case sales volumes.
The company said the results were in line with its expectations.
However, it said it had strong cash from operations and a lower net debt position.
Delegat Group expects its operating net profit after tax for the full 2025 financial year to be at the lower end of the range of $55 million to $60m.
Global case sales were down 15% to 1.63 million, while operating ebitda and reported net profit after tax also declined.
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