InvestSMART

Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.380 -0.4 (-14.39%)+
Announcement
Release
21 Oct 2025 8:15AM
Price at Release
$2.780
Full Release
download
Summary
The AGM of Cleanaway Waste Management Limited for 2025 highlighted significant progress in financial performance, with underlying EBIT increasing by 14.6% and a record EBIT margin of 12.5%. Despite this success, the company faced serious safety challenges, including fatalities among its workforce, prompting a strong focus on safety improvements. Strategic acquisitions, including Citywide Services and Contract Resources, were completed to strengthen Cleanaway's market position. The company reiterated its commitment to its five-year HSE strategy and the continued execution of its Blueprint 2030 plan to enhance efficiency and sustainability. Financial guidance for FY26 suggests a promising outlook with EBIT expected to range from $470m to $500m, benefiting from strategic initiatives and cost reduction programs.
Key Points
  • Cleanaway Waste Management Limited experienced strong financial performance in FY25 with a substantial increase in revenue and EBIT.
  • The company focused heavily on safety improvements, though faced challenges with fatalities during the year.
  • Strategic investments and acquisitions, such as Citywide Services and Contract Resources, were made to support growth.
  • Cleanaway's Blueprint 2030 strategy aims to enhance operational efficiency and sustainability.
  • The company is committed to improving safety culture and operational excellence through their five-year HSE strategy.
  • Projected FY26 EBIT is between $470m to $500m, with earnings expected to skew towards the second half of the year.
  • The AGM highlighted the importance of disciplined capital management and leveraging acquisitions for strategic growth.
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.