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AVADA Group Limited (ASX:AVD)

ALERT: Price-sensitive ASX Announcement for AVD
Current share price for AVD : $0.079 -0.021 (-21%)+
Announcement
Release
31 Aug 2026 8:52AM
Price at Release
$0.100
Full Release
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Summary
AVADA Group Limited’s FY26 results presentation, based on the annual report released on 31 August 2026, reports strong revenue growth driven mainly by Queensland and New South Wales expansion, with total statutory revenue of $209.8 million versus $183.1 million in FY25 and adjusted EBITDA of $13.1 million versus $12.8 million, while the company recorded a statutory net loss after tax of $15.2 million largely due to a $15.0 million impairment on Victorian operations; operationally, AVADA improved key productivity metrics including revenue per vehicle, traffic controller hours, traffic controller numbers and revenue per traffic controller, materially improved safety with total recordable injury frequency rate falling to 2.53 from 5.65, strengthened leadership and transformation capabilities, refinanced and expanded its CBA banking facilities in April 2026 including increasing working capital capacity to $20 million, and lifted current assets to $50.0 million, although total assets fell to $97.8 million and net assets to $23.7 million because of impairment charges; management highlighted challenging market conditions including price competition, union labour mandates, weather impacts, reduced NZ government projects and higher fuel costs, but remains positive on FY27 and beyond given ongoing infrastructure demand, regional expansion in NSW and Queensland, efficiency gains from transformation initiatives, and AVADA’s role as head contractor with GIICA for early works supporting Brisbane 2032 Olympic Games infrastructure.
Key Points
  • FY26 results presentation is based on the annual report released on 31 August 2026.
  • Total statutory revenue increased to $209.8 million from $183.1 million in FY25.
  • Adjusted EBITDA excluding impairments rose to $13.1 million from $12.8 million.
  • Statutory net loss after tax was $15.2 million, mainly impacted by a $15.0 million impairment on Victorian operations.
  • Revenue growth was driven by strong performance in Queensland and New South Wales and entry into new regional markets.
  • Revenue per vehicle increased to $205,000, up 15.2% from FY25.
  • Traffic controller hours increased to 2.396 million and traffic controllers increased to 1,704.
  • Revenue per traffic controller increased to $124,000 from $111,000.
  • Total recordable injury frequency rate improved to 2.53 from 5.65.
  • AVADA strengthened leadership with new executive appointments and a new Leadership Forum.
  • Business transformation initiatives focused on workforce and fleet productivity, governance, resource planning and financial reporting.
  • Market conditions remained challenging due to price competition, union labour mandates, weather disruptions, lower NZ government project activity and higher fuel costs.
  • Operating cost increases were partly due to mobilisation into new regional markets and one-off costs to strengthen the business.
  • Current assets increased 27.6% to $50.0 million, supported by higher revenue activity.
  • CBA banking facilities were refinanced and expanded in April 2026, lifting the working capital limit to $20 million.
  • Total assets fell to $97.8 million from $107.4 million, largely due to the Victorian intangible impairment.
  • Net assets were $23.7 million and net current assets improved to $11.6 million.
  • Adjusted NPATA was $5.4 million compared with $3.0 million in FY25.
  • Management sees a positive outlook supported by infrastructure demand, expansion in NSW and Queensland, and efficiency improvements from transformation.
  • AVADA highlighted its engagement with GIICA as head contractor for early works infrastructure related to the 2032 Olympic Games.
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.