Brambles (ASX:BXB) Lifts Dividend Amid Strong Profit Growth

2 min read | February 20, 2025 11:46 AM AEDT | By Team Kalkine Media

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Brambles (ASX:BXB) Lifts Dividend Amid Strong Profit Growth — Image source: shutterstock

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Highlights

Brambles (BXB) increases dividend by 27% to 19¢ per share.

Profit surges 11% to $445.7 million, with revenue reaching $5.4 billion.

Forecasts steady growth in sales and profit for the 2025 financial year.

Brambles (ASX:BXB) has delivered a strong financial performance, announcing a dividend increase alongside significant profit and revenue growth. The global supply chain logistics provider reported an 11% rise in profit to $445.7 million, driven by a 4% uplift in sales revenue, reaching $5.4 billion.

The company has raised its interim dividend by 27% compared to the previous year, setting it at 19¢ per share. This move reflects Brambles’ confidence in its financial strength and ongoing growth strategy. Investors responded positively to the announcement, with shares rising 1.9% in morning trading on Thursday.

Brambles (ASX:BXB) attributes its strong results to operational efficiencies gained through its transformation program. According to CEO Graham Chipchase, the company’s strategic initiatives are enhancing customer value and driving robust financial outcomes.

Looking ahead, Brambles (ASX:BXB) has outlined a promising growth forecast for the 2025 financial year. The company expects sales revenue growth of 4% to 6% at constant foreign exchange rates, while underlying profit is projected to increase by 8% to 11% under similar conditions. Additionally, Brambles anticipates free cash flow before dividends to range between $850 million and $950 million.

With continued focus on efficiency and customer-centric improvements, Brambles (ASX:BXB) remains on track for sustained expansion. Its latest results highlight the company’s ability to navigate market dynamics while maintaining strong financial health.

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