Briscoe Group full-year profit declines despite stable revenue

Briscoe Group (NZX:BGP) announced its full-year results for the period ending 26 January 2025, revealing a net profit of $60.634 million, a 28% decrease compared to the previous year. Total revenue remained relatively stable at $791.469 million, a marginal 0.1% decrease. The results include a one-off, non-cash tax adjustment of $7.374 million. Excluding this adjustment, net profit after tax (NPAT) would have been $68.007 million, representing a 19.3% decline. The company declared a final dividend of $0.10 per quoted equity security, with an imputed amount of $0.03888889. The record date for the dividend is 20 March 2025, and the payment date is 27 March 2025. Net tangible assets per quoted equity security stand at $1.3352.