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Enero Group Limited (ASX:EGG)

ALERT: Price-sensitive ASX Announcement for EGG
Current share price for EGG : $0.300 -0.25 (-45.45%)+
Announcement
Release
19 Feb 2026 8:51AM
Price at Release
$0.550
Full Release
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Summary
Enero Group Limited's half-year results for FY26 show a significant improvement in profitability, with adjusted net profit and earnings per share (EPS) increasing by 119%, driven by a 15% growth in EBITDA despite a slight revenue decline of 1%. The company declared an interim dividend of 1.0 cent per share, maintaining a healthy payout ratio. Strong cost management and performance in Australian agencies contributed to enhanced EBITDA margins. The company's geographic and industry diversification, alongside strategic cost optimisation, have offset the challenging conditions in the technology sector, especially for Hotwire Global. Corporate costs were reduced by 22%, aiding the improved financial position, while cash flow was impacted by restructuring and contingent payments.
Key Points
  • Enero Group reported a 119% increase in adjusted net profit and EPS for FY26 H1.
  • EBITDA grew by 15% and the group saw a reduction in net finance costs.
  • An interim dividend of 1.0 cps fully franked was declared with a payout ratio of 39% on adjusted EPS.
  • THC Practice showed a 3% growth in EBITDA driven by strong performance in Australian agencies.
  • Corporate costs reduced by 22% year-over-year, contributing to an improved EBITDA margin of 10.8%.
  • Net cash flow decreased due to contingent consideration payments and restructuring costs.
  • Revenue showed a slight decline by 1% due to challenging conditions in the international technology market.
  • Enero Group is targeting dividend payments consistent with historical payout ratios of 30% - 50% of adjusted earnings per share.
  • Significant effort in cost management and operational excellence helped mitigate revenue decline.
  • Orchard and BMF showed strong performance with significant EBITDA and margin improvements.
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.