Skellerup, a rubber products maker, reported a record first-half profit driven by sales growth across its operations.
For the six months ended in December, Skellerup reported gains compared to the prior year: net profit rose to $28.9 million from $24.2 million, revenue climbed to $183.5 million from $165.3 million, and pre-tax earnings increased to $40.6 million from $35 million. The company also forecasted a full-year profit range of $57-62 million and lifted its interim dividend to 10 cents per share from 9 cents.
“The growth in revenue and earnings was broad-based, with the most notable contributions coming from the key dairy, potable and wastewater applications,” Skellerup chief executive Graham Leaming said.
He noted that the company successfully met surging demand, launched new products, and navigated the challenges of new tariffs.
The industrial division—producing water supply and wastewater products, boat foam, and roofing materials—saw strong sales growth in Australia and the US, alongside enhanced margins.
The agriculture division, supplying rubber components for dairying and the iconic gumboots, also enjoyed strong overseas sales.
Leaming noted that, despite ongoing global uncertainty, the company maintains a strong work pipeline and anticipates full-year profit of $57–$62 million, up from $54.5 million last year.