• Underlying EBIT up 14.6% to $411.8m, three consecutive years of double-digit EBIT growth
• Attractive returns to shareholders with 15.8% EPS growth and 6.0 cps in total dividends
• On-track to deliver FY26 mid-term ambition of more than $450m underlying EBIT excluding acquisitions

Cleanaway Waste Management Ltd has reported another year of strong financial performance, with underlying EBIT up 14.6% to $411.8m and an EBIT margin of 12.5%, up 130 bps on the prior year. The company has delivered three consecutive years of double-digit EBIT growth, underpinned by its resilient, recurring revenue base and operating leverage. Earnings per share grew 15.8% to 8.8 cents per share, and the company paid 6.0 cents per share in total dividends, up 20% on the prior year. Cleanaway remains on-track to deliver its FY26 mid-term ambition of more than $450m underlying EBIT excluding acquisitions. The company is well-placed to continue delivering defensive earnings plus growth, leveraging its position as Australia's largest waste management company and the growth platform put in place over the past three years. Cleanaway has also made strategic acquisitions, including Citywide Waste and Contract Resources, which are expected to collectively add around $30m in EBIT in FY26. The company continues to focus on its foundations of health, safety and the environment, with a 30% reduction in environmental notices and a 62% reduction in medium-sized fires compared to the prior year. Cleanaway is also making progress on its sustainability agenda, reducing net operational greenhouse gas emissions by 4.9% in FY25 and remaining on track to meet its 2030 emissions reduction targets.

Cleanaway expects its underlying EBIT in FY26 to be between $470m and $500m, including the impact of acquisitions.

Cleanaway is well-placed to continue delivering defensive earnings plus growth, leveraging its position as Australia's largest waste management company and the growth platform put in place over the past three years. The company remains on-track to deliver its FY26 mid-term ambition of more than $450m underlying EBIT excluding acquisitions.