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Emeco Holdings Limited (ASX:EHL)

ALERT: Price-sensitive ASX Announcement for EHL
Current share price for EHL : $1.170 0.13 (12.50%)+
Announcement
Release
20 Aug 2026 7:54AM
Price at Release
$1.040
Full Release
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Summary
Emeco Holdings Limited's FY26 Results Presentation highlights the company's revenue growth, driven primarily by expansion in maintenance services despite lower than anticipated fleet utilization in the second half of the year. The financial performance includes a 2% increase in Operating EBIT, a 5% rise in Operating NPAT, and a 30 basis point improvement in Return on Capital. The presentation emphasizes Emeco's strong balance sheet with a low net leverage ratio, enabling flexibility for growth and share buybacks. The company reported stable adjusted operating free cash flow and continued strong cash conversion, supported by effective cost management and strategic capital allocation. Looking ahead, Emeco plans to expand its maintenance service platform and leverage digital technologies to enhance efficiency and customer value.
Key Points
  • Revenue increased by 1% to $792.8M compared to FY25.
  • Operating EBIT grew by 2% to $148.0M year-over-year.
  • Operating NPAT increased by 5% to $89.0M.
  • Return on capital improved by 30 basis points to 16.9%.
  • Strong balance sheet with net leverage reduced to 0.43x.
  • Board approved a share buy-back of up to 10% of shares.
  • Operating free cash flow remained stable at $114.5M.
  • Expansion in maintenance services drove revenue growth.
  • Utilization levels in surface fleet were lower than expected.
  • Emphasis on digital technologies and AI for efficiency gains.
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.