Gross profit for 1HFY2025 fell 10% y-o-y to $67.4 million, and gross profit margin declined to 9.4%. This is due to a $7.7 million provision for onerous contracts, compared to a reversal of $3.1 million in the prior-year period.
BRC Asia has reported earnings of $42.1 million for 1HFY2025 ended March 31, 2025, up 9% y-o-y.
The group’s revenue declined 6% y-o-y to $715.6 million for 1HFY2025, due to a broad-based softness in steel prices. However, delivery tonnage remained stable, reflecting continued demand and the group's ability to maintain its market share amid volatility.
