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LGI Limited (ASX:LGI)

ALERT: Price-sensitive ASX Announcement for LGI
Current share price for LGI : $2.510 -0.99 (-28.29%)+
Announcement
Release
20 Feb 2026 8:39AM
Price at Release
$3.500
Full Release
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Summary
LGI Limited, a leader in biogas recovery from landfills in Australia, reported significant growth in its financial performance for the first half of FY26. The company's revenue rose by 20% to $20.3 million, with EBITDA increasing by 33% to $9.7 million. LGI's strategic initiatives have resulted in a 37% increase in biogas flows and a 41% increase in renewable energy generation. The company completed a successful capital raising of over $56 million to fund the expansion of its High Conviction Project pipeline, aimed at exceeding 80MW of capacity. The interim dividend was declared at 1.25 cents per share. CEO Jarryd Doran highlighted the company's disciplined approach in enhancing biogas, optimizing electricity generation, and securing long-term biogas rights. Regulatory updates have provided clarity and support for continued growth, particularly in the generation of Australian Carbon Credit Units and renewable energy certificates.
Key Points
  • LGI Limited's revenue increased by 20% in H1 FY26.
  • EBITDA grew by 33% over the corresponding period.
  • Biogas flows increased by 37% and renewable energy generation by 41%.
  • 270,711 Australian Carbon Credit Units were created, up 19%.
  • An interim dividend of 1.25 cents per share was announced.
  • A capital raising of over $56 million was achieved to expand project capacity.
  • LGI reaffirms FY26 guidance with an expected EBITDA growth of 25% to 30%.
  • Strategic growth in High Conviction Projects to exceed 80MW.
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.