Australia · Delayed Price · Currency is AUD Emeco Holdings Earnings Call Transcripts
Fiscal Year 2026
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Earnings and cash flow grew in FY26, driven by maintenance services and disciplined cost control. Balance sheet strength enabled a 10% share buyback and refinancing, with FY27 earnings expected to match FY26 and utilization set to recover.
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Strong first half with 9% revenue and 21% net profit growth, improved free cash flow, and net leverage reduced to 0.5x. Maintenance services now drive half of gross revenue, and the business remains on track for its 20% return on capital target.
Fiscal Year 2025
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Strong FY 2025 results with 7% revenue growth, margin expansion, and 32% higher free cash flow. Leverage reduced to 0.65x, with robust demand and a positive outlook for further earnings growth, cash generation, and debt reduction in FY 2026.
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Strong first-half results with double-digit revenue and profit growth, margin expansion, and robust free cash flow drove leverage to 0.84x. Guidance for FY25 operating EBITDA is at least AUD 300 million, with continued focus on cost efficiency and capital discipline.
Fiscal Year 2024
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Strong FY24 results with double-digit growth in EBITDA, EBIT, and NPAT, driven by a refocus on core rental and maintenance services. Margins and return on capital improved, with positive demand and earnings growth expected in FY25 as all growth CapEx is now deployed.