Wellard’s Final Voyage: Profit Return, Vessel Sale, and ASX Delisting Ahead

• Net profit of US$1.3 million in FY2025 including a one-off US$5 million expense
• EBITDA up 87% despite 23% revenue decline due to smaller fleet
• Sale of last vessel M/V Ocean Drover completed with US$50 million proceeds returned to shareholders
• Board proposes delisting to reduce costs and maintain exposure to live export class action