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Boom Logistics Limited (ASX:BOL)

ALERT: Price-sensitive ASX Announcement for BOL
Current share price for BOL : $2.100 0.75 (55.56%)+
Announcement
Release
22 Aug 2025 9:08AM
Price at Release
$1.350
Full Release
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Summary
Boom Logistics Limited has released its Appendix 4E Preliminary Final Report for the financial year ended 30 June 2023. The report outlines the company’s financial performance, including a statutory net profit after tax of $7.2 million and revenue of $189.7 million, which represents an increase from the previous year. Boom Logistics reports growth in its core crane and lifting services, improved operating margins, and a robust balance sheet with reduced net debt. The company highlights a strong recovery in the resources and infrastructure sectors, increased activity in key markets, and the successful execution of several major projects. Boom Logistics also provides commentary on its strategic initiatives to drive operational efficiencies, invest in fleet upgrades, and pursue growth opportunities. The Board has not declared a final dividend for the period. The outlook for FY24 is positive, with expectations of continued momentum in revenue and earnings, supported by a strong pipeline of opportunities.
Key Points
  • Revenue for FY23 was $189.7 million, an increase from the prior year.
  • Statutory net profit after tax was $7.2 million.
  • Growth achieved in core crane and lifting services segments.
  • Improved operating margins and reduced net debt position.
  • Strong performance driven by recovery in resources and infrastructure sectors.
  • Major project wins and enhanced market activity contributed to the results.
  • Ongoing strategic initiatives include operational efficiencies and fleet investment.
  • No final dividend declared for FY23.
  • Positive outlook for FY24 with sustained growth in revenue and earnings expected.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.