InvestSMART

The Environmental Group Limited (ASX:EGL)

ALERT: Price-sensitive ASX Announcement for EGL
Current share price for EGL : $0.094 -0.107 (-53.25%)+
Announcement
Release
22 May 2026 9:55AM
Price at Release
$0.200
Full Release
download
Summary
The Environmental Group Limited (EGL) announced a revised FY26 earnings guidance with expected normalised EBITDA now between $8.5 million and $9.0 million, down from the previous guidance of $12.7 million to $13.5 million. This revision is primarily due to identifiable factors impacting EGL Energy and EGL Baltec. EGL Energy experienced operational challenges and increased fleet diesel costs, resulting in a $2.5 million EBITDA impact. EGL Baltec faced project delivery delays due to logistics issues and slower tender awards, impacting EBITDA by $1.5 million. EGL Clean Air and EGL Waste continue to perform as expected. Management has taken steps to address the issues and remains focused on driving revenue growth and improving profitability and cash flow generation.
Key Points
  • EGL expects FY26 normalised EBITDA of $8.5–$9.0M, down from prior guidance of $12.7–$13.5M.
  • EGL Energy impacted by operational issues and higher diesel costs, affecting EBITDA by $2.5M.
  • EGL Baltec faces $1.5M EBITDA impact due to logistics disruptions and slower tender awards.
  • EGL Clean Air and EGL Waste continue to meet management expectations without significant changes.
  • Revised guidance encapsulates management's current assessment of operational matters.
  • EGL remains focused on revenue growth and enhancing profitability and cash generation.
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.