Australia · Delayed Price · Currency is AUD The Environmental Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA were flat year-on-year, impacted by Middle East disruptions and ERP rollout issues, but recurring revenue and service income grew. PFAS treatment and Clean Air segments expanded, and management expects improved margins and EBITDA in FY 2027.
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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.