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LGI Limited (ASX:LGI)

ALERT: Price-sensitive ASX Announcement for LGI
Current share price for LGI : $3.100 0.11 (3.68%)+
Announcement
Release
14 Feb 2025 9:23AM
Price at Release
$2.990
Full Release
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Summary
LGI Limited reported its H1 FY25 results, highlighting a 5.4% increase in net revenue compared to H1 FY24. The revenue growth was primarily driven by a significant rise in Australian Carbon Credit Units (ACCUs) revenue, up 42% year-over-year. The company continues to expand its biogas and electricity generation capabilities, with operational projects in Canberra and Eastern Creek. Despite challenges such as increased depreciation and interest expenses, LGI maintains a positive outlook, expecting a 12% to 15% growth in underlying EBITDA for FY25, focusing on expanding contracted landfill sites and gas collection facilities.
Key Points
  • H1 FY25 net revenue increased 5.4% compared to H1 FY24.
  • ACCUs revenue rose by 42% due to increased pricing.
  • Electricity revenue decreased by 12% affected by energy market dynamics.
  • LGI's operational sites are expanding with new projects launched.
  • Expectations for FY25 underlying EBITDA growth of 12% to 15%.
  • Continued focus on health, safety, environment, and quality.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.