News & Media

FY22 result delivers material step forward.

• SGI recently reported its FY22 results, delivering a record profit and building
  on the steady improvement of recent years. The strong result was driven by
  organic growth, several recent acquisitions, and associated scale benefits.
• Highlights from the result include Group revenue from continuing operations
  of $99.6m (+49.3% on pcp), underlying Group EBITDA of $4.9m (+75% on
  pcp) and underlying NPAT of $1.2m (+200%). The result was slightly ahead
  of our forecasts, with revenue +3.6%, EBITDA +5.9% and NPAT +12.5%.
• The acquisitions of United Tools (Mar 2022), Skipper Transport Parts (Aug
  2021) and C&L Tool Centre (Dec 2020) contributed to the strong result. They
  significantly extend and diversify SGI’s products, target markets, customer/
  supplier base, and store/branch network, helping to build competitive
  advantage. We expect significant synergy benefits to be realised over time.