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Coventry Group Limited (ASX:CYG)

ALERT: Price-sensitive ASX Announcement for CYG
Current share price for CYG : $0.395 -0.075 (-15.96%)+
Announcement
Release
26 Feb 2026 6:43PM
Price at Release
$0.470
Full Release
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Summary
The half-year report for Coventry Group Limited for the period ending 31 December 2025 outlines a challenging financial performance, with a statutory net loss of $9.7 million compared to a loss of $0.7 million in the previous corresponding period. The company's sales increased slightly by 1.8% to $188.5 million, yet the underlying EBITDA fell by 67.7% to $3.2 million. No interim dividend was declared as the company focuses on reducing net debt, which stands at $54.9 million as of 31 December 2025. The report highlights ongoing cost-saving initiatives and a strategic review initiated in January 2026, aiming to improve financial and operational performance. The company remains focused on its core activities of distributing industrial and fluid products and services. Despite the financial challenges, the directors maintain confidence in the company's ability to meet its obligations.
Key Points
  • Statutory net loss of $9.7 million for the half-year.
  • Sales increased by 1.8% to $188.5 million.
  • Underlying EBITDA decreased by 67.7% to $3.2 million.
  • No interim dividend declared.
  • Net debt at $54.9 million as of 31 December 2025.
  • Strategic review announced in January 2026.
  • Focus on cost-saving initiatives and improved performance.
  • Core business in industrial and fluid products distribution.
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.