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Ashley Services Group Limited (ASX:ASH)

ALERT: Price-sensitive ASX Announcement for ASH
Current share price for ASH : $0.245 0.005 (2.08%)+
Announcement
Release
19 Feb 2026 1:28PM
Price at Release
$0.240
Full Release
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Summary
Ashley Services Group Limited reported its first half 2026 financial results with significant improvements. The group's EBITDA increased by 41% to $7.6 million, and the net profit after tax (NPAT) rose by 88% to $3.4 million. Revenue grew by 15.8% to $308.2 million. The Labour Hire division saw a revenue increase of 16.1% to $299.7 million due to contract wins and new projects, while the Training division benefitted from increased public funding, resulting in a 3.8% revenue increase to $8.5 million. The company's interim dividend was declared at 1.4 cents per share, reflecting a 60% payout ratio. The organization successfully restructured and implemented initiatives to enhance performance, leading to sustainable margin improvements across all sectors. The company also increased its borrowing capacity to support ongoing organic growth.
Key Points
  • EBITDA increased by 41% to $7.6 million.
  • Net profit after tax (NPAT) rose by 88% to $3.4 million.
  • Revenue grew by 15.8% to $308.2 million.
  • Labour Hire division revenue increased by 16.1% to $299.7 million.
  • Training division revenue increased by 3.8% to $8.5 million.
  • Interim dividend declared at 1.4 cents per share with a 60% payout ratio.
  • Successful restructuring and implementation of initiatives for performance improvement.
  • Increased borrowing capacity to support organic growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.