SGH has praised the impact of Boral, alongside Westrac, for helping to deliver strong EBIT growth in its financial results for the FY25.
Among its headline results, SGH noted an eight per cent EBIT growth to $1.537 million as well as an EBIT margin expansion of 14.3 per cent. SGH managing director and chief executive officer Ryan Stokes highlighted Boral and Westrac in his review of the financial results from the 2025 financial year.
“We are pleased with the result delivered in FY25, which demonstrates the strength of our diversified industrial services businesses and the disciplined execution of the SGH Way operating model. Our EBIT growth of 8 per cent was primarily driven by Boral and Westrac and was in line with our guidance, highlighting our ability to deliver growth in variable market conditions,” he said.
“Our ability to generate strong cash flows was evident in the result, with our industrial services businesses delivering EBITDA cash conversion over 90 per cent, and a 49 per cent increase in operating cashflow. This supported a 10 per cent reduction in our net debt to EBITDA ratio, achieving our objective of bringing leverage below 2x, while also completing the full acquisition of Boral.”
“The result reflects the disciplined execution of the SGH operating model, enabled by the hard work and commitment of our people and their focus on supporting our customers. SGH is carrying operational momentum into FY26, with exposure to attractive long-duration demand thematics and a focus on operational excellence.”
As part of SGH’s release of financial results, Boral delivered 26 per cent EBIT growth to $468 million with its revenue up one per cent at $3.6 billion. SGH pointed to “pricing traction, higher concrete volumes, and resilient demand in the commercial and engineering sectors”, offsetting the impact of lower demand for residential and roadworks, particularly in regional areas.
SGH also paid tribute in its financial statement to current chief executive officer Vik Bansal who is set to step away from his current role and transition to being a non-executive director on the SGH board in 2026.
“Vik has been instrumental in supporting performance and cultural change at Boral. Under his leadership, the business has delivered rapid earnings growth, margin improvement, and sustained operational momentum,” SGH wrote in its statement.
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