For the first half of FY2025, Avarga Limited experienced a significant decrease in its reported net profit, primarily influenced by the re-presentation of discontinued operations and a substantial one-off expense. The core building products business demonstrated a slight decline in revenue and gross profit, attributed partly to currency fluctuations.
• The Group’s financial results reflect a considerable shift in overall profitability, impacted by strategic adjustments and specific charges
• The balance sheet saw notable changes, including an increase in trade receivables and a significant rise in total liabilities, driven by increased facility utilisation and payables
• A major business segment was reclassified as discontinued operations, fundamentally altering the Group’s reporting structure and financial comparison