Just Life Group reports steady revenue, reduced debt

Just Life Group has reported its financial results for the year ended June 30, 2023.

The company faced challenges due to the changing economic environment but believes it has a strong skill base for the future.

Group revenue remained the same as last year, with second-half revenue similar to the first half.

Operating costs increased significantly, resulting in a 7% decrease in EBITDA.

Earnings after tax were virtually the same as the previous year, excluding a non-cash impairment charge.

Net debt was reduced by $7.4 million to $13.1 million, and dividends paid out in cash totaled $1.5 million.

The company has declared a final dividend of 0.7 cents per share, reflecting a cautious approach in the current economic climate.

Just Life Group operates in two strategic business segments: Healthy Living and Healthy Homes.

The Healthy Living segment includes the water cooler business, Just Water, and the dietary supplements business, About Health.

The Healthy Homes segment includes The Cylinder Guy, Solatube, and Hometech.

The company has made progress in revitalizing its team culture and building capability.

Despite the challenges, Just Life Group aims to drive sustainable customer growth in the coming financial year.