The Massy Group yesterday reported after-tax profit of $365 million for the six-month period ended March 31, 2025, a 20 per cent increase compared to the same period in the previous year.
The group's revenue for the period October 1, 2024 to March 31, 2025 was $7.9 billion, which was 3.9 per cent more than generated in the comparable period in the previous year, "reflecting the strength of Massy's diverse business portfolio across markets."
In a news release yesterday, Massy pointed to what it described as the "remarkable strength" in its generation of net cash from its operations, which totalled $744.9 million, representing an 80.4 per cent increase from the prior year.
Massy said, "These results demonstrate the group's successful execution of its business strategy and ongoing commitment to creating value."
"The strong financial performance has allowed the Massy Group to maintain its focus on key strategic areas. We continue to target growth opportunities in stable markets while enhancing our digital capabilities to better serve customers.
"Our operational improvements leverage technology to increase efficiency and maintain competitive pricing. Team development remains a priority, with ongoing investments in training and leadership programs that align with our values and support both business success and local talent development. Our commitment to transparent investor communication remains steadfast," it said.
Massy noted that in line with the quarterly dividend policy announced earlier this year, it declared a dividend of 3.54 cents per share for for the second quarter of its 2025 financial year.
"This represents a half-year dividend of 7.08 cents, a 125 per cent increase over the prior year interim dividends, reflecting our strong financial position and our commitment to delivering substantial returns to shareholders," the group said.
With a solid financial foundation, Massy added it is well-positioned to capitalise on future opportunities while continuing to support the communities where we operate, as it thanked employees, shareholders, customers, and partners for their continued support as the company works to deliver sustainable growth and responsible leadership.
According to Massy, "The growth we achieve today is designed to benefit families for years to come, with our strategic focus on stable markets and sustainable business practices ensuring that the value we create endures.
"From grandparents to grandchildren, we believe that Massy's commitment to long-term performance makes us a cornerstone of inter-generational wealth planning, providing families with the stability and returns needed to secure their financial futures together."
Robert Riley is the chairman of the Massy Group.