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MYECO Group Ltd (ASX:MCO)

ALERT: Price-sensitive ASX Announcement for MCO
Current share price for MCO : $0.021 0.002 (10.53%)+
Announcement
Release
16 Jul 2026 8:23AM
Price at Release
$0.019
Full Release
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Summary
In FY26, MyEco Group Ltd reported record retail sales, driven primarily by its branded MyEcoBag® products. The company's strategic focus on higher margin Australian retail and council waste management sales led to a significant increase in sales, while sales of white label and resin products declined. MyEcoBag® sales in Australia achieved notable growth, particularly in major retailers Woolworths and Coles, with a 22.7% year-over-year increase. New product launches, including GRS-Certified Post-Consumer Recycled bin liners, further supported retail growth. Despite challenges in the US market due to economic uncertainties and supply chain disruptions, MyEco Group remains focused on expanding its sustainable product portfolio and enhancing profitability.
Key Points
  • Record retail sales in FY26 with total sales of $15.8m, a 0.8% increase from PCP.
  • Sales driven by MyEcoBag® products in Australian retail, with Woolworths and Coles sales up 39.1%.
  • Australian retail sales in Q4 FY26 reached $1.5m, a 36.4% increase from PCP.
  • Successful launch of GRS-Certified Post-Consumer Recycled bin liners.
  • Council FOGO Waste sales increased by 5.9% in FY26 but declined in Q4 due to delivery timing issues.
  • Decline in white label and resin sales aligns with MyEco's strategic shift to higher margin products.
  • US sales declined due to economic and supply chain challenges.
  • MyEco Group plans to focus on expanding its sustainable product range and improving margins.
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.