• Revenue up 8.6% to $58.9M
• EBITDA up 25.9% to $4.9M before significant items
• Strong performance in EGL Energy division, revenue up 39.8%

The Environmental Group Limited (EGL) reported its H1 FY26 results, with revenue growth of 8.6% on the prior comparable period to $58.9M. This revenue growth is a testament to the success of the company's strategy and the execution capabilities of the team. EGL's trading bias is consistently weighted toward a stronger second half, averaging a 42% to 58% split over the last four years. The ERP implementation and the relocation of business units have had a substantial impact on operations, with staff heavily involved in both changes. These efforts will deliver significant long-term benefits to the company. EGL's financial performance remained strong in the first half, with EBITDA before significant items up 25.9% to $4.9M. The EGL Energy division delivered an outstanding half-year result, with revenue up 39.8% to $34.1M and EBITDA up 32.6% to $4.1M. EGL Baltec experienced a slower first half, with revenue down 30.1% to $13.8M and EBITDA down 18.5% to $1.5M. EGL Clean Air reported a 3.0% decrease in revenue to $9.3M and a 51.6% decrease in EBITDA to $0.4M. EGL Waste delivered a strong first half, generating $2.3M in revenue and $0.7M of EBITDA. EGL's financial position remains strong, with net assets of $45.6M and cash and cash equivalents of $4.4M.

EGL maintains its guidance of increased earnings of 15% to 20% on FY25 normalised EBITDA.

The outlook for FY26 is strong with a good second half expected as the company's growth initiatives continue to build earnings.