InvestSMART

Schaffer Corporation Limited (ASX:SFC)

ALERT: Price-sensitive ASX Announcement for SFC
Current share price for SFC : $19.000 -0.4 (-2.06%)+
Announcement
Release
19 Aug 2026 9:21AM
Price at Release
$19.400
Full Release
download
Summary
In FY26, Schaffer Corporation Limited reported a statutory net profit after tax (NPAT) of $22.2 million, slightly down from $24.3 million in the previous financial year. The Automotive Leather division recovered well in the second half of the year, achieving a profit of $11.8 million despite an earlier cyber-attack affecting operations. Conversely, the Delta division faced challenges, resulting in a loss due to tough market conditions. Group Investments saw a boost, with NPAT rising to $4.5 million, aided by gains in equity investments and property. Notably, the South Connect Jandakot project contributed significantly with a $10.2 million unrealised land value gain. SFC's board declared a fully franked final dividend of $0.45 per share, and the company's investment portfolio's pre-tax net equity value rose to $240.9 million. The company continues to invest in automation for its Automotive Leather division to enhance production efficiency, while the South Connect Jandakot project remains a key asset with strategic developments underway.
Key Points
  • FY26 statutory NPAT for Schaffer Corporation Limited (SFC) was $22.2 million, compared to $24.3 million in FY25.
  • Automotive Leather division saw a recovery in 2H26, with a profit of $11.8 million, despite a cyber-attack affecting JLR in 1H26.
  • Delta division experienced a loss of $1.3 million due to difficult industry conditions.
  • Group Investments performed well, with an increase in NPAT to $4.5 million.
  • The South Connect Jandakot project reported a $10.2 million unrealised gain on land value.
  • The Board declared a fully franked final dividend of $0.45 per share.
  • SFC's investment portfolio's pre-tax net equity value increased to $240.9 million.
  • SFC continues to focus on automation in their Automotive Leather division to improve efficiencies.
  • The South Connect Jandakot project is a significant asset, with ongoing developments to enhance its value.
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.