Australia · Delayed Price · Currency is AUD Close the Loop Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw a major business reset, with divestments and restructuring driving a stronger balance sheet and improved profitability. Revenue and EBITDA grew, net debt was halved, and FY 2027 guidance targets further EBITDA growth and cash flow, supported by ongoing cost control and expansion initiatives.
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Revenue grew 2% to AUD 92.3 million, driven by packaging, but statutory loss reached AUD 26.9 million due to a AUD 23 million impairment. Underlying profit was AUD 2.5 million, with strong packaging growth offset by ITAD margin pressure. Focus remains on debt reduction and core business expansion.
Fiscal Year 2025
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FY 2025 saw a 26% revenue decline and a statutory net loss, driven by ITAD underperformance and one-off costs, but adjusted net profit was $7.8 million. Management is optimistic for FY 2026, focusing on ITAD growth, packaging strength, and geographic expansion.