Chasen returns to profit with $33.2m gain for FY2025

Revenue rose by 22% YoY to $116.3m, whilst gross profit increased by 66% to $21.2m for FY2025. 

Chasen Holdings Limited reported a net profit after tax of $33.2m for the financial year ended 31 March 2025 (FY2025), reversing a net loss of $6.6m recorded in the previous year.

The improved performance was driven by revenue and gross profit growth as well as a substantial gain from the divestment of its CZ Group operations, the company said in a media release.

Revenue rose by 22% YoY to $116.3m, whilst gross profit increased by 66% to $21.2m for FY2025. The Specialist Relocation segment, particularly operations in the United States, was a key contributor.

The segment benefited from a multi-million dollar relocation service contract secured in May 2024 from an electric vehicle battery manufacturer, according to Chasen.

The disposal of CZ Group in July 2024 contributed a one-time gain of $45.1m. Profit before tax for continuing operations, before one-off adjustments, was $800,000 for the year, marking a turnaround from a loss of $2.7m in FY2024.

After one-off adjustments, which included a goodwill impairment and provision for doubtful debt, continuing operations recorded a net loss of $12.7m.

Fully diluted earnings per share stood at 8.95 cents, compared to a loss of 1.76 cents a year earlier. Net asset value per share rose to 21.2 cents, up from 15.1 cents in FY2024.