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BSA Limited (ASX:BSA)

ALERT: Price-sensitive ASX Announcement for BSA
Current share price for BSA : $0.300 0.045 (17.65%)+
Announcement
Release
20 Feb 2026 11:28AM
Price at Release
$0.255
Full Release
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Summary
BSA Limited's Half-Yearly Report for the period ending 31 December 2025 highlights a significant decrease in revenue and EBITDA compared to the previous year, primarily due to a decline in volumes from key projects like nbn, Bluecurrent, and Intellihub. EBITDA conversion improved despite the lower EBITDA, thanks to non-recurring payments and strong margin management. The company reported revenue of $22.8 million, an 84.6% decrease from the previous period, and EBITDA of $5.9 million. BSA maintained a stable Total Recordable Injury Frequency Rate, demonstrating positive safety outcomes. The report also noted a cash outflow of $4.8 million, and changes in the Board of Directors were announced. Despite the financial challenges, BSA is pursuing growth opportunities but acknowledges potential profitability risks in the upcoming half-year.
Key Points
  • Revenue decreased by 84.6% to $22.8 million.
  • EBITDA fell to $5.9 million, a 57.9% decrease.
  • EBITDA conversion improved from 9.5% to 26%.
  • Cash outflow of $4.8 million recorded.
  • Significant changes in the Board of Directors.
  • Continued investment in safety programs resulted in a stable TRIFR.
  • Potential profitability risks in the second half.
  • Positive partnership with clients maintained.
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.