InvestSMART

AVADA Group Limited (ASX:AVD)

ALERT: Price-sensitive ASX Announcement for AVD
Current share price for AVD : $0.097 -0.028 (-22.40%)+
Announcement
Release
26 Feb 2026 4:53PM
Price at Release
$0.125
Full Release
download
Summary
AVADA Group Limited, a leading traffic management operator, reported improved operating performance for the first half of the fiscal year 2026 (H1 FY26), driven by 11% revenue growth to $101.5 million, primarily in New South Wales and Queensland. The company's transformation initiative and focus on optimizing labor and fleet deployment contributed to an adjusted EBITDA of $7.1 million. Despite a statutory loss after tax of $16.5 million due to a $15 million non-cash impairment in its Victorian business, AVADA remains optimistic about its second-half performance with strong project pipelines in Queensland and New South Wales. The Group is actively managing challenging conditions in Victoria and New Zealand and expects to benefit from transformation initiatives in the latter half of the fiscal year. Leadership changes include the transition of Managing Director Dan Crowley to an Executive Director role as part of succession planning.
Key Points
  • Operating revenue increased by 11% to $101.5 million.
  • Statutory loss after tax was $16.5 million due to a $15 million non-cash impairment.
  • Adjusted EBITDA of $7.1 million achieved through strong revenue growth.
  • Strong revenue performance in Queensland and New South Wales.
  • Challenging conditions in Victoria due to unionized labor requirements.
  • Economic challenges persist in New Zealand.
  • Leadership changes include Dan Crowley's transition to Executive Director.
  • Transformation initiatives expected to deliver benefits in H2 FY26.
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.