• Expects growth in profit after tax in FY26
• Disciplined execution of strategic objectives
• Strong focus on delivering value to customers
• Ongoing success in securing tender opportunities

Boom Logistics Limited (ASX: BOL), a diversified lifting and project logistics business, has provided a trading update for the three months ended 30 September 2025 (Q1 FY26). The company expects growth in profit after tax in FY26, underpinned by the disciplined execution of its strategic objectives, a strong focus on delivering value to customers, ongoing success in securing tender opportunities across all key segments, and continued capital discipline in fleet deployment. During the quarter, Boom continued with its on-market share buyback program, purchasing approximately 0.5 million shares valued at circa $0.7 million. The company expects the ongoing improvement in business performance and the share buyback to deliver earnings per share growth of 15% in FY26. Key financial highlights for Q1 FY26 include revenue of $70.7 million, cash at bank of $19.2 million, and net debt of $96 million. Capital expenditure was down $4.7 million compared to the prior corresponding period, reflecting the benefits of the asset regeneration program. Boom secured new contracts with combined estimated revenue over the contract life of $34 million and experienced strong shutdown activity in Western Australia and Central Queensland. The company also expanded its scope at the Snowy Hydro project and secured two new multi-year services agreements in Western Australia in the resources sector, as well as a new services contract in New South Wales in the renewables sector. The tender pipeline remains strong, with several projects in late-stage negotiations.

In FY26, Boom expects growth in profit after tax, with earnings per share growth of 15% due to the ongoing improvement in business performance and the share buyback program.

Boom's strong customer relationships, scalable modern fleet, and growing project pipeline continue to position the company as the preferred provider of lifting services across key national markets. Demand for Boom's services is driving increased tender activity across all core verticals, including renewables, infrastructure, resources, and industrials, with the pipeline of activity remaining strong in wind construction, maintenance, and transmission line expenditure expected to drive longer-term growth.