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Schaffer Corporation Limited (ASX:SFC)

ALERT: Price-sensitive ASX Announcement for SFC
Current share price for SFC : $18.570 -1.05 (-5.35%)+
Announcement
Release
18 Feb 2026 9:43AM
Price at Release
$19.620
Full Release
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Summary
Schaffer Corporation Limited (SFC) reported a challenging first half of FY26, with a statutory net profit after tax (NPAT) of $5.0 million, down from $12.7 million in 1H25. The Automotive Leather division faced a significant downturn due to a cyberattack on major customer Jaguar Land Rover (JLR), causing a temporary production halt. Despite this, sales volumes have returned to normal, and profitability is expected to improve in the second half of the year. Delta reported a small loss, impacted by reduced government spending on infrastructure in Western Australia, although signs of recovery are emerging. The Group's investment portfolio decreased slightly in value, primarily due to cash reductions, but remains a significant asset. The Board declared an interim fully franked dividend of $0.45 per share, reflecting confidence in SFC's financial position.
Key Points
  • SFC reported a statutory NPAT of $5.0 million for 1H26.
  • Automotive Leather division impacted by JLR cyberattack.
  • Delta division experienced a small loss due to decreased government spending.
  • The Group's total investment portfolio's pre-tax net equity value was $219.0 million.
  • Board declared an interim fully franked dividend of $0.45 per share.
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.