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Thursday, June 12, 2025

Massy's six-month profit rises 20%, hikes dividend

by

33 days ago
20250510
Massy Holdings chairman,  Robert Riley

Massy Holdings chairman, Robert Riley

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.


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