Photo: RNZ / Nate McKinnon
EBOS, the animal and healthcare company behind well-known pet shop Animates, posted a lower half-year profit after losing a $2 billion contract to supply Chemist Warehouse Australia.
Key numbers for the six months ended December compared with a year ago:
- Net profit $110.5m vs $136.2m
- Revenue $5.99b vs $6.58b
- Underlying profit $131m vs $152.5m
- Interim dividend unchanged 57 cents per share
EBOS said the results largely reflected the loss of the Chemist Warehouse deal, first revealed in 2023.
Despite the loss of the contract, chief executive John Cullity was "pleased" with the result, saying it was on track to meet its full-year underlying earnings guidance of $575-$600m.
"This performance reflects the execution of our near-term strategies to drive revenue growth cost efficiencies and strategic acquisitions," he said.
Its smaller animal care segment saw earnings rise 26 percent to $59m, driven by pet care brands Black Hawk and VitaPet.
Cullity, reported to be the country's highest paid chief executive, also announced his retirement from the role from the end of June.
He would be replaced by Adam Hall, most recently group executive and president for Asia at explosives company Orica.
