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Boom Logistics Limited (ASX:BOL)

ALERT: Price-sensitive ASX Announcement for BOL
Current share price for BOL : $1.870 0.495 (36%)+
Announcement
Release
24 Oct 2025 9:58AM
Price at Release
$1.375
Full Release
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Summary
Boom Logistics Limited's Q1 FY26 trading update highlights a 2% increase in revenue to $70.7 million and a significant 42% increase in cash at bank. The company experienced a reduction in capital expenditure by 55% and a substantial increase in asset disposals by 133%. Operationally, Boom reported one lost time injury and noted an ongoing investigation into a fatality at the Clarke Creek Wind Farm. The company secured new contracts worth $34 million over their lifetime and expanded their scope in key projects like the Snowy Hydro. Boom anticipates a 15% EPS growth due to improved business performance and share buybacks. The company is also undergoing significant management changes with searches for new CEO and CFO positions, alongside pursuing reimbursement for misused funds by a former executive.
Key Points
  • Revenue increased by 2% to $70.7 million.
  • Cash at bank increased by 42%.
  • Capital expenditure reduced by 55%.
  • Asset disposals increased by 133%.
  • One lost time injury reported; investigation into a fatality ongoing.
  • New contracts secured worth $34 million.
  • Expanded scope at Snowy Hydro project.
  • Anticipated EPS growth of 15% for FY26.
  • Management changes underway, including CEO and CFO searches.
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.