• Strong revenue growth of 13.9% to $111.9M
• Underlying EBITDA up 9.9% to $11.1M
• Recurring revenue now 53% of total revenue
• Significant milestones achieved in EGL Waste with PFAS technology

Environmental Group Ltd (EGL) has reported its FY25 financial results, highlighting strong revenue growth of 13.9% to $111.9M and a 9.9% increase in underlying EBITDA to $11.1M. The company's recurring revenue now makes up 53% of total revenue, reflecting the success of its service and maintenance offerings. Several significant milestones were achieved during the year, including the acquisition of Advanced Boilers & Combustion to expand EGL Energy, and progress in EGL's PFAS waste treatment technology, which received EPA approval for a liquid waste facility and secured a new design and construction order. The EGL Waste segment delivered exceptional revenue growth of 328.2%, driven by successful tender wins for new waste plants. While the EGL Clean Air segment faced challenges in the lithium market, the company is actively repositioning the business for future growth in non-lithium sectors. Looking ahead, EGL expects normalised EBITDA growth in FY26 to be in the range of 15-20% compared to FY25, as the company continues to reinvest in the business to execute its growth strategy and build recurring revenue streams.

EGL expects normalised EBITDA growth in FY26 to be in the range of 15-20% compared to FY25.

EGL will continue to reinvest cashflow into the business to execute on its growth strategy and focus on building recurring revenue streams and expanded margins. The company's recurring revenue streams are expected to continue to grow in FY26.