Financial History
Note that FY2024 revenue and earnings comparisons with prior years have been impacted materially by the reduction in
COVID-19 revenue.
|
As at 30 June
|
2024
$’000
|
2023
$’000
|
2022
$’000
|
2021
$’000
|
2020
$’000
|
| Base business revenue |
8,904,958 |
7,683,541
|
6,911,644
|
6,599,038
|
6,417,604
|
| COVID-19 revenue |
62,447 |
485,407
|
2,428,510
|
2,155,085
|
414,239
|
|
Total revenue
|
8,967,405 |
8,168,948
|
9,340,154
|
8,754,123 |
6,831,843 |
|
Earnings before interest, tax, depreciation and amortisation (EBITDA)5
|
1,634,542 |
1,707,524
|
2,830,447
|
2,559,790 |
1,411,834 |
|
Net profit after tax5
|
511,094 |
684,984
|
1,460,566
|
1,315,040 |
527,749 |
|
Net cash flow from operations
|
1,071,512 |
1,471,033
|
2,225,821
|
2,042,836 |
1,360,298 |
|
Total assets
|
14,826,474 |
13,014,629
|
12,552,013
|
11,760,991 |
12,127,130 |
|
Total liabilities
|
6,751,349 |
5,092,767
|
5,123,839
|
5,256,648 |
6,462,732 |
|
Net assets
|
8,075,125 |
7,921,862
|
7,428,174
|
6,504,343 |
5,664,398 |
|
Net interest–bearing debt1
|
2,348,928 |
886,340
|
811,803
|
939,982 |
2,021,969 |
|
Statistics
|
|
Diluted earnings per share (cents)5
|
107.2 |
145.0
|
302.5
|
273.1 |
110.6 |
|
Dividends paid per ordinary share (cents)2
|
106.0 |
104.0
|
100.0
|
91.0
|
85.0 |
|
Dividend payout ratio2
|
99.4% |
71.7%
|
32.5%
|
33.1% |
76.7% |
|
Gearing ratio3
|
22.3% |
9.9%
|
9.7%
|
12.5% |
26.1% |
|
Interest cover (times)3
|
12.0 |
29.4
|
47.3
|
33.8
|
11.5 |
|
Debt cover (times)3
|
1.9 |
0.6
|
0.3
|
0.4
|
1.8 |
|
Net tangible asset backing per share ($)
|
(2.19) |
0.28
|
0.14
|
(0.44) |
(2.72) |
|
Return (after tax) on invested capital (ROIC)4,5
|
6.5% |
8.8%
|
19.7%
|
18.7%
|
8.5% |
|
Return (after tax) on equity5
|
6.4% |
8.9%
|
21.0%
|
21.6% |
9.5% |
1 Net interest-bearing debt excludes lease liabilities under AASB 16.
2 Dividends declared and payout ratio relate to the dividends declared out of the profits for the relevant year, rather than when the dividend is paid.
3 Calculated using debt facility covenant definitions, which exclude AASB 16.
4 ROIC is calculated as tax effected (using the effective tax rate and adjusted for the tax benefit of goodwill amortisation) EBIT (pre-AASB 16), less minority interests, divided by invested capital. Invested capital is measured as total pre-AASB 16 equity (excluding minority interests) plus net interest bearing debt (excluding lease liabilities under AASB 16). Invested capital is the average of the opening and closing position.
5 2024 includes a non-recurring gain relating to the sale of West division in USA.
