Johns Lyng Group Shares Plummet 25% After Profit Miss and Lower Guidance

February 25, 2025 12:42 PM AEDT | By Team Kalkine Media

Johns Lyng Group Shares Plummet 25% After Profit Miss and Lower Guidance — Image source: shutterstock

Half-Year Results Disappoint Investors

The building services provider reported a net profit after tax (NPAT) of AU$20.8 million, down sharply from AU$31.1 million a year ago. Revenue came in at AU$573.1 million, falling 7% below Visible Alpha’s consensus estimate.

In a further blow, the company declared an interim dividend of 2.5 Australian cents per share, well below analyst expectations of 4.4 cents, reflecting the challenging operating environment and management’s cautious outlook.

Revised Full-Year Guidance

Johns Lyng cut its FY25 guidance, now expecting:

Total EBITDA of AU$126.5 million, down 4.5% from prior estimates.
Total revenue of AU$1.167 billion, representing a 5% downward revision.

The downgrade reflects slower project completions, higher costs, and a weaker property market, all of which have weighed on the company’s performance.

Market Reaction and Stock Performance

JLG became the worst performer on the ASX 200 index after the earnings release, extending its year-to-date losses to 22.6%, including Tuesday’s sharp drop.

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