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COSOL Limited (ASX:COS)

ALERT: Price-sensitive ASX Announcement for COS
Current share price for COS : $0.200 -0.035 (-14.89%)+
Announcement
Release
19 Aug 2026 7:56AM
Price at Release
$0.235
Full Release
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Summary
COSOL Limited announced its FY26 results with improved operating profitability and executive changes. The company's underlying EBITDA for the year was $9.8 million, with revenue declining by 15.6% to $98.6 million. The company reported impairment charges of $6.5 million, resulting in a statutory net loss of $4.02 million. COSOL has secured significant contracts in the transportation and infrastructure sectors, leveraging its expertise in AI-driven data analytics. Executive changes include the stepping down of Managing Director Scott McGowan, who will take a new role focusing on executing COSOL's solutions strategy. Anthony Stokes has been appointed interim CEO. The board is in the process of appointing a permanent CEO as COSOL aims for revenue growth in FY27.
Key Points
  • Improvement in operating profitability in H2.
  • Underlying EBITDA of $9.8 million for FY26.
  • Revenue decrease by 15.6% to $98.6 million.
  • Impairment charges leading to a net loss of $4.02 million.
  • Significant contracts secured in transport and infrastructure sectors.
  • Executive changes including new interim CEO Anthony Stokes.
  • Focus on AI-driven data analytics strategy.
  • Managing Director Scott McGowan steps down.
  • Board in search of a permanent CEO.
  • Goal for revenue growth in FY27.
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.