Appendix 4E and Consolidated Financial Report FY25

• Revenue from ordinary activities up 2.5% to $3,850.7 million
• Profit after income tax up 0.2% to $158.5 million
• Underlying EBIT up 14.6% to $411.8 million

Cleanaway Waste Management Limited has reported its full-year results for the financial year ended 30 June 2025. The company's revenue from ordinary activities increased by 2.5% to $3,850.7 million, while net revenue, which excludes landfill levies, increased by 3.4% to $3,302.7 million. The increase in net revenue was primarily driven by the Solid Waste Services segment, offset by a decline in revenue from Environmental & Technical Solutions, primarily due to ongoing challenges in the Industrial Services business. Profit from operations or statutory Earnings Before Interest and Tax (EBIT) increased by 3.6% to $353.7 million, which included $58.1 million of significant and non-recurring items. Excluding these items, underlying EBIT increased by 14.6% to $411.8 million, driven by the strong performance of Solid Waste Services. Statutory profit after income tax (attributable to ordinary equity holders) increased by 0.2% to $156.9 million, while underlying profit after income tax (attributable to ordinary equity holders) increased by 16.2% to $196.4 million.

Cleanaway has previously set a mid-term financial ambition to deliver more than $450 million EBIT and improved returns in FY26, and the company remains on track to deliver on this target.