ASX and Media Release FY25 Results
| Stock | Cleanaway Waste Management Ltd (CWY.ASX) |
|---|---|
| Release Time | 20 Aug 2025, 8 a.m. |
| Price Sensitive | Yes |
Cleanaway Waste Management Ltd reports FY25 results
- Underlying EBIT up 14.6% to $411.8 million
- Underlying EBIT margin up 130 basis points to 12.5%
- On-track to deliver FY26 mid-term EBIT ambition
Cleanaway Waste Management Limited (ASX: CWY) announced its financial results for the 12 months ended 30 June 2025 (FY25), delivering growth in key financial metrics. Gross revenue was up 2.5% to $3,850.7 million and net revenue up 3.4% to $3,302.7 million, driven by strong performance in the Solid Waste Services segment. Statutory EBIT was $353.7 million, up 3.6%, while underlying EBIT increased by 14.6% to $411.8 million, supported by strong growth in Solid Waste Services and the ETS - Oils & Technical and Health Services segment. Underlying EBIT margin expanded 130 basis points to 12.5%, reflecting the realization of operational excellence benefits. Underlying NPAT and EPS both grew 16.1% and 15.8% respectively, demonstrating disciplined price and cost management. The company declared a fully franked final dividend of 3.2 cents per share, bringing the total dividends for FY25 to 6.0 cents per share, up 20%. Cleanaway is guiding to another year of double-digit growth in FY26, with underlying EBIT expected to be between $470 and $500 million, including contributions from recent acquisitions. The company remains on-track to deliver its mid-term ambition of over $450 million underlying EBIT, excluding acquisitions.
Underlying EBIT expected to be between $470 - $500 million in FY26, including approximately $30 million EBIT contribution from acquisitions. On-track to deliver mid-term ambition of >$450 million underlying EBIT (excluding acquisitions).
Cleanaway expects continued sustainable margin expansion through operational excellence initiatives. Net finance costs are expected to be approximately $150 million, reflecting a higher average debt balance. Total capital expenditure guidance is expected to be around $415 million, with leases expected to be increasingly utilized. Free Cash Flow is expected to improve, reflecting the underlying earnings momentum, a reduction in catch-up tax, and improved cash flow management.