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Coventry Group Limited (ASX:CYG)

ALERT: Price-sensitive ASX Announcement for CYG
Current share price for CYG : $0.360 0.025 (7.46%)+
Announcement
Release
17 Jul 2026 9:43AM
Price at Release
$0.335
Full Release
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Summary
Coventry Group Limited reported a positive Q4 FY26, achieving significant financial milestones including a positive operating cash flow of $5.9 million and annualised savings of $10 million from cost reduction initiatives. The group received financial waivers from NAB, ensuring improved covenant positions, and executed a comprehensive inventory verification leading to a $2.3 million stock write-off. The momentum from these activities, combined with successful sales growth in Trade Distribution and Fluid Systems, and the integration of Steelmasters, positions the company for further growth in FY27. The positive EBITDA outcome of $4.1 million reflects strategic improvements and offers a solid foundation for the upcoming financial year.
Key Points
  • Positive operating cash flow of $5.9m in Q4 FY26
  • Cost-out program achieved $10m in annualised savings
  • Received waivers from National Australia Bank for June 2026 quarter
  • Comprehensive inventory verification resulted in $2.3m write-off
  • Revised inventory provisioning with a one-off impact of $2.1m
  • Job management system write-off of $1.1m
  • Momentum in New Zealand and integration of Steelmasters
  • Sales growth in Trade Distribution and Fluid Systems
  • EBITDA of $4.1m in Q4 FY26, significant improvement from previous quarters
  • Positive outlook with continued sales growth and efficiency initiatives
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.