Bega Group reported $3.5 billion in revenue for FY25, with $165 million in earnings before interest, tax, depreciation and amortisation (EBITDA). But restructuring costs from “transformational business improvement initiatives” impacted the business.
Snapshot
- Revenue: $3,539m, up 0.5% on prior corresponding period (pcp);
- EBITDA: $165.5m, up 0.2% pcp;
- EBIT: $27.1m, down 63.5% pcp:
- PAT: $(8.5m), down 127.9% pcp; and
- Net debt: $126.1m, down 22.4%.
While the Branded business increased modestly, from $199.9 million to $205.2 million EBITDA, the Bulk segment returned to profit, from $(18.2) million in FY24 to $38.7 million this year.
Normalised items in the current period included the completed sale and exit of juice primary processing at Leeton, New South Wales, the closure and consolidation of cheese packaging and processing capacities at Strathmerton, Victoria, into its Ridge Street facility in Bega, and the impairment of plant and equipment attached to the closure of peanut processing operations in Queensland.
The group’s guidance for FY26 is a normalised EBITDA in the range of $215 to $220 million.
