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Ashley Services Group Limited (ASX:ASH)

ALERT: Price-sensitive ASX Announcement for ASH
Current share price for ASH : $0.275 0.02 (7.84%)+
Announcement
Release
25 Jun 2026 2:35PM
Price at Release
$0.255
Full Release
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Summary
Ashley Services Group Limited, through its subsidiary Action Workforce Pty Limited, has entered into an agreement to acquire the external labour hire customer contracts and associated workforce of a major logistics company, generating $162 million in revenue for the year ending 31 March 2026. The acquisition involves a purchase price of 1% of sales, payable in cash over two years, with completion expected in July 2026. The acquisition aims to be earnings accretive by the financial year ending 30 June 2027 and will be funded by cash flows and Westpac-supported banking facilities.
Key Points
  • Ashley Services Group Limited's acquisition through Action Workforce Pty Limited
  • Acquisition of customer contracts from a major logistics company
  • Generated $162 million in revenue for the year ending 31 March 2026
  • Purchase price set at 1% of sales from transferring customers over two years
  • Completion expected in July 2026
  • Earnings Per Share accretive by financial year ending 30 June 2027
  • Funded by ongoing cash flows and banking facilities supported by Westpac
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.