Filing Flows › Phibro Animal Health (PAHC) › Q3 FY25
Phibro Animal Health (PAHC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 7, 2025
Phibro Animal Health (PAHC) reported revenue of $348M for the third quarter fiscal 2025 (Q3 FY25), +32% from a year earlier and +12% from the quarter before. Operating margin was 9.6%, net earnings $20.9M (6.0% of revenue).
Phibro Animal Health, Q3 FY25: revenue $348M (+32% year over year), operating margin 9.6%, net earnings $20.9M, operating cash flow $43.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $348M | +12% | +32% |
| Gross profit | $105M | +3% | +31% |
| Operating profit | $33.5M | +31% | +68% |
| Net earnings | $20.9M | +556% | +148% |
| Operating cash flow | $43.2M | 14× | +278% |
| Free cash flow | $35.4M | — | 21× |
What changed
Revenue was $347.8M in Q3 FY25, up 32% year over year and up 12% from the previous quarter. MFAs and other was the largest line at 52% of revenue. MFAs and other added $73.4M year over year (up 68%), 87% of the total change.
Gross margin was 30.1%, down 0.2 points from a year earlier. Operating profit was $33.5M, a 9.6% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 8% margin then. Operating expenses grew 19% against revenue growth of 32%. Net earnings were $20.9M, up 148% year over year. The effective tax rate was 29.7%.
Operating cash flow was $43.2M (up 278% year over year), 207% of net earnings. Non-cash charges added back $12.6M of depreciation and amortization and $179K of share-based compensation. Working capital and other items added $9.5M. Capital expenditures of $7.7M left free cash flow of $35.4M.
Questions
What was Phibro Animal Health's revenue in the third quarter fiscal 2025?
Phibro Animal Health (PAHC) reported revenue of $348M for the third quarter fiscal 2025 (Q3 FY25), +32% from a year earlier and +12% from the quarter before.
Was Phibro Animal Health profitable in the third quarter fiscal 2025?
Operating profit was $33.5M (9.6% of revenue) and net earnings $20.9M.