GWA Group Limited (ASX:GWA)

ALERT: Price-sensitive ASX Announcement for GWA

Current share price for GWA : $2.410 -0.06 (-2.43%)⁺

Announcement

Chair's and MD's Address to Shareholders

Release

31 Oct 2025 9:46AM

Price at Release

$2.470

Full Release

Summary

The 2025 Annual General Meeting of GWA Group Limited highlighted strong financial performance amidst challenging economic conditions. Group revenue for FY25 increased by 1.2% to $418.5 million, driven by volume growth in Australia and the UK, despite difficulties in New Zealand. Normalised EBIT rose by 2.8% to $76.3 million. The final dividend was declared at 8.0 cents per share, fully franked, leading to a full-year dividend of 15.5 cents per share. The company initiated a $30 million share buyback programme, maintaining a robust balance sheet with net debt of $85.1 million. Strategic initiatives, particularly the 'Win the Plumber' campaign, contributed to this growth. The board is focused on capital management and shareholder returns.

Key Points

FY25 revenue increased by 1.2% to $418.5 million.
Normalised EBIT grew by 2.8% to $76.3 million.
Final dividend of 8.0 cents per share, fully franked.
Full-year dividend of 15.5 cents per share.
Initiated a $30 million share buyback programme.
Net debt reduced to $85.1 million.
Continued focus on 'Win the Plumber' initiative.
Strong operational discipline despite economic challenges.
Volume growth in Australia and the UK.
Challenging market conditions in New Zealand.

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.