Our company continues to build on its strong momentum, delivering another year of impressive financial performance. As we reflect on 2024, our results highlight the strength of our business, the success of our strategic initiatives, and our unwavering commitment to long-term growth.

Revenue increased by 5% to $7.4 billion, while profit before tax grew by 8% to $906 million, reflecting disciplined execution and operational excellence. Our adjusted EBITDA rose by 11% to $1.518 billion, and total assets expanded by 10% to $20.175 billion, reinforcing our strong financial position. Operational cash flows surged by 53% year-over-year, providing us with the flexibility to fund future expansion.

As we build on our record-breaking performance in 2024, we have made the strategic decision to temporarily pause dividend payments for a period of three years. This decision is rooted in financial prudence and a steadfast commitment to the future—and the incredible growth our company is about to embark upon.  We are channeling capital into high-return opportunities that will drive long-term value for all stakeholders.

This approach allows us to:

• Accelerate Expansion – Reinvesting in transformative acquisitions, operational efficiency, and innovation to fuel sustained growth.
• Enhance Financial Flexibility – Reducing reliance on debt and reinforcing our balance sheet to maintain agility in a dynamic global economy.
• Strengthen Market Position – Positioning our company as a more formidable competitor in key sectors, unlocking even greater earnings potential.

We are confident that our efforts will strengthen our core businesses as we continue to expand into high-growth sectors in regional and international markets. Our agility and profitability will be reinforced by investing in technology, automation and AI-driven efficiencies as well as optimizing supply chain and distribution networks for improved margins. We expect the strategic acquisitions in our sight will rapidly accelerate market penetration and strengthen our competitive edge across industries.

As we execute our 2X strategy with discipline and commitment, we fully expect our reinvestment will deliver greater long-term benefits for all shareholders including enhanced dividends and significant share appreciation.

We deeply appreciate your trust in our vision and thank you for your continued support as we invest in a future of sustained growth and value creation together.