Overview of Brickworks Limited's FY24 financial results

Brickworks Limited (ASX:BKW) has released its financial results for the year ended 31 July 2024. The company reported a sustained decrease in workplace injuries, with a reportable injury rate decreasing to 9.7 in FY24. Additionally, Brickworks has shown commitment to achieve a 15% reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030, from a 2022 baseline, across its combined Australian and North American operations.

Executive Commentary on FY24 Results

The sustained decrease in workplace injuries and the commitment to reduce greenhouse gas emissions demonstrate our dedication to the safety of our employees and the environment. We have continued to implement safety management systems and procedures, along with behavioral leadership and safety training programs to achieve these results. Additionally, our sustainability achievements reflect our ongoing efforts to reduce our environmental impact and contribute positively to the community. We are pleased with the progress made in FY24 and remain committed to further improving our safety and sustainability practices in the future.

Summary of FY24 Results and Outlook

Brickworks Limited's FY24 results showcased a sustained decrease in workplace injuries and significant sustainability achievements. Despite a property devaluation and non-cash impairment resulting in a statutory loss, the company reported an increase in EBITDA in Building Products. Brickworks aims to maximize cash generation in the short term and is well-positioned to meet future opportunities and challenges with its diversified portfolio of high-quality assets and low gearing. The company's commitment to safety and sustainability, along with its financial performance, sets a positive outlook for its future endeavors.