Brickworks (ASX:BKW) reports on FY24 financial results and achievements

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, achieving a total reportable injury frequency rate of 9.7 in FY24. Additionally, Brickworks showcased its commitment to sustainability by achieving a 56% reduction in carbon emissions in Australia since FY06. The company also highlighted its efforts in energy efficiency improvement, land rehabilitation, and fundraising for charitable causes.

Executive Commentary on FY24 Results and Future Outlook

Mark Ellenor, Chief Executive Officer, presented the company's achievements and challenges for the year. He acknowledged the sustained decrease in workplace injuries and the company's commitment to reducing carbon emissions. Grant Douglas, Chief Financial Officer, discussed the financial performance, including the increase in EBITDA in Building Products operations in both Australia and North America. Megan Kublins, Executive General Manager Property & Development, provided insights into the Property division's performance and future growth opportunities.

Summary of FY24 Results and Outlook

Brickworks reported a decrease in workplace injuries and a 56% reduction in carbon emissions in Australia since FY06. The company's financial results showed an increase in EBITDA in Building Products operations in both Australia and North America. Despite challenges in the short term, Brickworks remains focused on maximizing cash generation and is well-positioned to deliver strong returns when market conditions improve. The company also highlighted its commitment to sustainability and future growth opportunities within its Property division.