• Continued earnings growth and strong cash generation
• Refocused strategic priorities on growth
• Robust balance sheet and financial metrics provide flexibility

Emeco Holdings Ltd delivered another solid half of earnings growth in 1H26, with revenue up 9% to $421M, Operating EBITDA up 7% to $155M, and Operating NPAT up 21% to $46M. The company's balance sheet and key financial metrics remain in great shape, with net leverage improving to 0.5x and ROC increasing 230 bps to 18%. Emeco has refocused its strategic priorities on growing its portfolio of fully maintained rental projects, expanding its low-capital maintenance services offering (now ~50% of revenue), and further developing its artificial intelligence and operational technology capabilities to enhance its competitive advantage and customer service offering. The company is also actively monitoring competitors for consolidation opportunities. Emeco's rental business remains the driving force behind its earnings and cash flow growth, with a robust production outlook, while its Force workshop and field service capabilities continue to provide a competitive advantage. The company has successfully executed a refinancing, providing it with flexibility to grow. Overall, Emeco delivered another period of strong financial performance, with continued earnings growth and improved cash generation.

Emeco expects to maintain its focus on its 20% ROC target over the medium term.

Emeco's medium-term production outlook remains robust, with the company continuing to focus on growing its portfolio of fully maintained rental projects and expanding its low-capital maintenance services offering.