Shriro Holdings Ltd. ( (AU:SHM) ) has issued an update.
Shriro Holdings Ltd. reported a revenue decline of 12.9% to $55.9 million for the period ending December 31, 2024, primarily due to its strategic shift from wholesaling to importing BBQs in Australia and subdued discretionary spending. Despite the revenue drop, the company achieved a 3.8% increase in EBITDA to $10.8 million, aided by reduced operating expenses and a successful efficiency program. The company completed a $15 million share buy-back and declared an interim dividend, maintaining a strong balance sheet with $24.7 million in cash. Shriro is optimistic about its future, with plans to implement a similar distribution model in the USA.
More about Shriro Holdings Ltd.
Shriro Holdings Ltd. operates in the consumer products industry, focusing on seasonal products such as BBQs and watches. The company has shifted its business model from wholesaling to importing in Australia, and is exploring similar strategic partnerships in the USA.
YTD Price Performance: 2.63%
Average Trading Volume: 32,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$60.76M
For detailed information about SHM stock, go to TipRanks’ Stock Analysis page.