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Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.570 0.24 (10.30%)+
Announcement
Release
14 Apr 2026 8:00AM
Price at Release
$2.330
Full Release
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Summary
Cleanaway Waste Management Limited provided an update on the impact of the conflict in the Middle East on its FY26 earnings outlook. The company has experienced elevated fuel prices but has been able to mitigate the impact through contractual cost pass-through mechanisms, strategic fuel supply arrangements, and hydrocarbon-linked revenue streams. The conflict has led to higher fuel costs, increased logistics costs, and decreased activity in the Middle East, affecting earnings before interest and tax (EBIT) by approximately $20 million for FY26. Cleanaway expects its FY26 EBIT to be between $460 million and $480 million. The company has mechanisms in place that will allow it to recover a substantial portion of the fuel cost increases over time.
Key Points
  • Impact of the Middle East conflict on FY26 earnings outlook.
  • Resilience due to contractual cost pass-through mechanisms and strategic fuel supply arrangements.
  • Elevated fuel prices and increased logistics costs.
  • Estimated EBIT impact of approximately $20 million for FY26.
  • Expected FY26 EBIT between $460 million and $480 million.
  • Ability to recover fuel cost increases over time through contractual mechanisms.
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.