Winton's record year boosts profits by 78.6%

Winton has released its full-year results for the period ending June 30, 2023, confirming that it met guidance and achieved post-tax earnings of $73.8 million.

The company experienced a record year of settlements, with 565 units settling and generating $211.4 million in revenue, a 32.5% increase compared to the previous year.

Winton delivered a gross profit of $108.7 million, a gross profit margin of 51.4%, and an EBITDA of $95.6 million.

Net profit after tax was $64.6 million, a 78.6% increase compared to the previous year.

The company attributes its success to years of preparation and development, a strong pre-sale book, and a financially stable position.

Looking ahead, Winton expects lower revenue in the next fiscal year but remains focused on long-term shareholder value.

The company declared a dividend of 2.16 cents per share for the second half of FY23, bringing the total dividend for the year to 4.22 cents per share.

Winton's Annual Report, containing important information on governance, operations, and financial commentary, is also released alongside the results.