BWA | JUL 2026 27 tives focused on higher-capacity road combinations and asset productivity were also progressing. Those are the kinds of low-glamour investments that often matter most in transport and logistics. The challenge section for Lindsay is therefore easy to frame in constructive terms. Margin pressure in transport, weather disruptions and cyclical softness in regional hardware and trade conditions all affected the FY2025 earnings outcome. But the company’s response has been to grow the network, broaden the rural platform, invest in depot and facility upgrades, and strengthen the cold-chain footprint through acquisitions rather than retreat from the market.
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