Lindsay Australia tops $1 billion in annual revenue
Key points
- Lindsay Australia achieved record annual revenue of $1.07 billion as reported profit rose to 22.9 million.
- Company shares traded down 2.13% following the announcement.
- Management is shifting strategic focus from network expansion to extracting higher financial returns from existing infrastructure.
Lindsay Australia (ASX:LAU) generated $1.07 billion in revenue for the 2025-2026 financial year as its reported profit increased to $22.9 million.
This performance compares to prior periods where total annual sales had never previously exceeded the $1 billion threshold.
"Going forward our strategy remains directionally the same, but with the major network build now largely complete, our focus is shifting from building the network to extracting value from it," said Lindsay Australia CEO Clayton McDonald.
Lindsay stated that it plans to allocate approximately $57 million toward capital expenditure in 2026-2027, including $20 million for its new five-year Woolworths contract.
Following the announcement, the Lindsay Australia share price was down 2.13% at $0.69.
The group previously invested more than $250 million across five years into property, fleet upgrades, and rail assets.
Management stated that future performance targets include maintaining net leverage below two times while completing the secondary freight rollout through 2027.
