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Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.660 -0.19 (-6.67%)+
Announcement
Release
20 Aug 2025 8:00AM
Price at Release
$2.850
Full Release
download
Summary
Cleanaway Waste Management Limited reported strong financial results for FY25, showcasing a 14.6% increase in EBIT to $411.8 million and a 15.8% rise in earnings per share. The company implemented strategic acquisitions, notably Citywide Waste and Contract Resources, to enhance growth opportunities in the waste management sector. These acquisitions are expected to contribute approximately $30 million to EBIT in FY26. Cleanaway's Blueprint 2030 growth platform has been pivotal in driving operational efficiency and margin expansion. The company also made significant strides in sustainability, reducing net operational greenhouse gas emissions by 4.9% compared to the previous period. Despite facing challenges such as the Christie Street fire, the company managed to maintain strong free cash flow and stable revenue growth. Cleanaway is focused on operational excellence and is on track to achieve its mid-term ambition of more than $450 million in underlying EBIT by FY26.
Key Points
  • Cleanaway reported a 14.6% increase in EBIT to $411.8 million for FY25.
  • Earnings per share increased by 15.8% to 8.8 cents.
  • Strategic acquisitions of Citywide Waste and Contract Resources to contribute $30 million to EBIT in FY26.
  • Blueprint 2030 growth platform is driving operational efficiency.
  • Greenhouse gas emissions reduced by 4.9% compared to the previous period.
  • Challenges included the Christie Street fire, but free cash flow remained strong.
  • Focus on operational excellence and achieving more than $450 million in underlying EBIT by 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.