Operator
Thanks for standing by, and welcome to the Channel Infrastructure FY ’25 Outcomes Briefing. [Operator Instructions] I might now like at hand the convention over to Rob Buchanan, Chief Govt Officer. Please go forward.
Robert Buchanan
Chief Govt Officer
Good morning, everybody, and thanks for becoming a member of us as we run by our monetary and working outcomes for the 2025 yr. I am joined right here in the present day by our Chief Monetary Officer, Alexa Preston, and we are going to communicate to the presentation we disclosed on the NZX this morning. As ordinary, I will cowl off our firm highlights and the operational replace earlier than Alexa talks to the financials in additional element. I will then take you thru our strategic highlights earlier than we’ve a while for questions on the finish. Let’s begin with our monetary highlights on Web page 3.
Excluding the one-off impression of the Wiri lease, EBITDA grew 4%. This displays CPI escalation and improve in throughput and the advantage of the complete yr contribution from the transmix contract. Normalized free money movement elevated by 5%, and our free money movement conversion [indiscernible] elevated from 67% to 72%. Right this moment, the Board declared a ultimate dividend of $0.0675 per share. With a continued give attention to secure and rising dividends, the Board stays dedicated to our dividend coverage of 70% to 90% of normalized free money movement, paying this equally between the interim and ultimate dividend.
Nonetheless, this yr, we had increased than anticipated free money movement, reflecting stronger jets and petrol throughput than anticipated, and we now have
