The Environmental Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 9% to AUD 58.9M and EBITDA rose 26% in the first half, with recurring revenue now 54%. Energy and Waste segments delivered strong growth, and major operational upgrades were completed. Guidance for 15%-20% earnings growth in FY25 is maintained.
Fiscal Year 2025
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Revenue rose 14% to $112 million with EBITDA up 10%, driven by strong second-half performance and growth in recurring revenue, now at 58% in the last quarter. Outlook remains robust with 15%-20% EBITDA growth expected, supported by new plant sales, PFAS technology, and successful integration of Advanced Boilers.
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Organic revenue rose 16% to AUD 54 million, with strong growth in Baltec and EGL Energy, despite a one-off Baltec error. Guidance for 10-15% EBITDA growth is maintained, supported by a robust sales pipeline and high recurring revenue.
Fiscal Year 2024
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Revenue grew 19% to AUD 98.3M, with normalized EBITDA up 52% and recurring revenue now 50%. Strong growth in gas turbines and boilers offset flat Clean Air results; FY25 guidance targets 25% EBITDA growth, supported by robust demand and expanded product suite.