• Positive operational performance maintained
• Continued demand for mining equipment and rental solutions
• Focus on business development to drive higher utilization and maintenance services

Emeco Holdings, a leading provider of equipment rental and rebuild and maintenance services to the mining sector, has provided a trading update for the financial year ending 30 June 2026 (FY26). The outlook for FY26 remains positive, with mining production volumes in Australia expected to remain buoyant, supported by continued demand for commodities, particularly in the bulk commodities (such as iron ore and coal) and gold sectors. Emeco will continue to drive costs and efficiencies in the business, while also focusing on business development to drive higher utilization and increased maintenance services. From a financial perspective, the company has entered FY26 with strong momentum and a fortified balance sheet, with improving return on capital and converting earnings into free cash flow being priorities. Growth capital expenditure will be minimized, as the current fleet size is sufficient to capture near-term opportunities. The company expects moderate earnings growth, significant free cash flow, and substantial deleveraging in FY26.

The company expects moderate earnings growth, significant free cash flow, and substantial deleveraging in FY26. Stay in business capex to be circa $170 million to $175 million ($155 million to $160 million net of disposals), nil growth capex, and depreciation to be circa $165 million to $170 million.

The outlook for FY26 remains positive, with mining production volumes in Australia expected to remain buoyant, supported by continued demand for commodities, particularly in the bulk commodities (such as iron ore and coal) and gold sectors. Emeco will continue to drive costs and efficiencies in the business, while also focusing on business development to drive higher utilization and increased maintenance services.