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Gale Pacific Limited (ASX:GAP)

ALERT: Price-sensitive ASX Announcement for GAP
Current share price for GAP : $0.085 -0.009 (-9.57%)+
Announcement
Release
28 Nov 2025 8:24AM
Price at Release
$0.094
Full Release
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Summary
GALE Pacific Limited faced a challenging FY25 with underperformance in the Americas due to new international tariffs affecting their peak trading period, leading to a significant revenue decline. The company, under the leadership of CEO Troy Mortleman, is implementing strategic changes to address these challenges, including restructuring US operations and diversifying supply chains. While financial results did not meet expectations, the Board remains committed to ensuring sustainable growth across its markets and believes in their strategic plan and leadership to drive future performance.
Key Points
  • GALE Pacific Limited appointed Troy Mortleman as CEO last year.
  • FY25 was challenging with reported EBITDA of $12.0 million.
  • Normalised EBITDA, excluding non-recurring costs, was $19.5 million.
  • Australia/New Zealand and Developing Markets met revenue expectations.
  • The Americas region faced significant underperformance due to new tariffs.
  • A 25% decline in second-half revenue was noted in the Americas.
  • GALE Pacific is restructuring US operations to reduce costs.
  • Supply chain diversification to reduce reliance on China is ongoing.
  • CEO Troy Mortleman to outline plans for profitability and growth.
  • The Board remains committed to addressing financial challenges.
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.