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Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.360 -0.04 (-1.67%)+
Announcement
Release
26 Feb 2026 8:23AM
Price at Release
$2.400
Full Release
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Summary
Cleanaway Waste Management Limited reported robust financial performance for the first half of FY26, with a 13.0% increase in net revenue to $1,875.3 million and a 16.9% rise in underlying EBIT to $228.2 million. The company saw improvements in EBIT margin, NPAT, and EPSA, alongside an increased dividend. Despite a decrease in Free Cash Flow due to acquisition and restructuring costs, Cleanaway upgraded its FY26 EBIT guidance to between $480 million and $500 million, driven by positive organic growth, acquisition synergies, and indirect cost savings. The company highlighted strong results from its acquisitions and a positive outlook for its solid waste services and environmental solutions segments.
Key Points
  • Cleanaway Waste Management reported a 13.0% increase in net revenue to $1,875.3 million for the half-year ending FY26.
  • Underlying EBIT rose by 16.9% to $228.2 million, with an EBIT margin improvement of 40 basis points to 12.2%.
  • The company's underlying NPAT increased by 17.8% to $109.7 million.
  • Free Cash Flow decreased by 21.5% to $74.2 million due to acquisition and restructuring costs.
  • A dividend of 3.35 cents per share was declared, up 19.6% from the previous year.
  • EPSA rose by 18.2% to 5.2 cents, while underlying ROCE increased by 80 basis points to 9.4%.
  • CWY's FY26 EBIT guidance was upgraded to between $480 million and $500 million.
  • The company experienced strong results from acquisitions, with Contract Resources outperforming expectations.
  • Positive outlook for solid waste services and environmental & technical solutions was noted.
  • Capital expenditure for FY26 is expected to be approximately $415 million.
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.