Supply Network Reports 15.8% Revenue Growth and $40M Profit in FY2025
Supply Network Limited reported robust FY2025 results with double-digit revenue growth, expanded capacity across Australia and New Zealand, and announced a new auditor appointment at its AGM.
- Sales revenue rose 15.8% in Australia and 12.6% in New Zealand
- Net profit after tax increased to $40 million, up from $33 million in FY24
- Multiple capacity upgrades and new branches launched across key regions
- New scanning technology deployed to enhance operational efficiency
- Appointment of BDO Audit Pty Ltd as new company auditor confirmed
Strong Financial Performance
Supply Network Limited (SNL) delivered a solid financial performance for the fiscal year ending June 2025, highlighted by a 15.8% increase in sales revenue in its Australian operations and a 12.6% rise in New Zealand revenue in local currency terms. Net profit after tax (NPAT) climbed to $40 million, a notable improvement from $33 million the previous year, while earnings per share rose to 92.95 cents. These results reflect the company’s effective execution of growth strategies amid a competitive market environment.
Network Expansion and Operational Enhancements
The company undertook significant capacity upgrades at major hubs including Darra in Brisbane and Adelaide in South Australia, alongside smaller expansions in Auckland, Christchurch, Dunedin, and multiple Sydney locations. New branches opened in Wangara and a locally focused parts store launched in Karratha, Western Australia, reinforcing SNL’s footprint across key industrial regions.
Complementing physical expansion, SNL rolled out advanced scanning technology across all Australian and New Zealand sites. This upgrade aims to improve accuracy and efficiency in picking, packing, and warehouse maintenance, underscoring the company’s commitment to operational excellence and customer service.
Strategic Outlook and Growth Initiatives
Looking ahead, SNL is on track to achieve targeted revenue growth of approximately $50 million in FY2026. The company is progressing with plans to increase branch capacity in Brisbane, Toowoomba, Perth, and Sydney over the next few years, alongside leasing a new facility in North Auckland to enhance service levels and relieve pressure on existing branches.
Management is also transitioning to a new Enterprise Resource Planning (ERP) system and sales interface, with careful planning to avoid disruption. The Board has approved a new three-year business plan through FY2028, focusing on organic growth and adapting to evolving market dynamics such as emissions regulations and increasing electronics integration in heavy vehicles.
Governance and Leadership Updates
At the Annual General Meeting, shareholders overwhelmingly supported the remuneration report and re-elected Mr. Peter W McKenzie as a director. Ms. Karen Phin was elected as a new non-executive director, bringing extensive legal and capital markets expertise. Additionally, following a competitive tender process, BDO Audit Pty Ltd was appointed as the new auditor, replacing HLB Mann Judd, signaling a refreshed approach to financial oversight.
Overall, Supply Network Limited’s FY2025 results and strategic initiatives position it well to capitalize on market opportunities and sustain its role as a leading supplier in the truck and bus parts industry.
Bottom Line?
Supply Network’s strategic investments and leadership refresh set the stage for sustained growth amid evolving industry demands.
Questions in the middle?
- How will the new ERP system impact operational efficiency and customer experience in FY2026?
- What are the financial implications of the planned branch expansions on margins and capital expenditure?
- How will emerging technologies and emissions regulations shape Supply Network’s product and service offerings?
