Metro Performance Glass Limited (ASX:MPP)

ALERT: Price-sensitive ASX Announcement for MPP

Current share price for MPP : $1.015 0.215 (26.88%)⁺

Announcement

Metroglass provides FY26 results (audited)

Release

27 May 2026 11:26AM

Price at Release

$0.800

Full Release

Summary

Metro Performance Glass Limited reported its audited financial results for the year ending 31 March 2026, demonstrating a stronger financial and operational position despite challenging market conditions in New Zealand and Australia. Key highlights include improved cash flow, reduced net debt, and an increase in EBITDA before significant items. Revenue decreased slightly due to weaker construction markets, but cost reduction efforts helped improve the underlying trading performance. The company's financial position was further bolstered by an equity raise and refinancing. Metro anticipates further enhancements in cash flow, debt levels, and profitability, although it hasn't provided formal earnings guidance for FY27 due to market uncertainties.

Key Points

Operating cash flow increased to $15.7 million.
Net debt reduced to $27.0 million.
EBITDA before significant items increased to $18.2 million.
Revenue was $208.2 million, down 2.7% from FY25.
Equity raise of $23.9 million completed.
Banking facility renegotiated through September 2028.
Improved service and quality performance across manufacturing network.
DIFOT and quality outcomes reached record levels in New Zealand.
AGG transitioned to a full import model in Australia.
No formal earnings guidance for FY27 due to uncertainties.

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.