First Half 2026 Results

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Stock Ashley Services Group Ltd (ASH.ASX)
Release Time 19 Feb 2026, 1:28 p.m.
Price Sensitive Yes
 Ashley Services Group Reports Strong H1 2026 Results
Key Points
  • EBITDA up 41% to $7.6 million
  • NPAT up 88% to $3.4 million
  • EPS up 88% to 2.39 cents per share
  • Interim dividend increased to 1.4 cents per share
Full Summary

Ashley Services Group Limited (ASX: ASH) today announced a statutory after-tax profit of $3.4 million for the half year to 31 December 2025, an increase of $1.6 million (88%) from the prior corresponding period. Group revenue increased by 15.8% to $308.2 million, driven by contract wins in the supply chain, retail, and construction sectors. EBITDA grew by 40.7% to $7.6 million, with the Labour Hire division reporting a 25.4% increase in EBITDA to $8.4 million. The Training division also saw a significant improvement, with EBITDA up 90% to $1.9 million. Operating cash flow for the half-year period was a solid $0.8 million inflow, despite the seasonal increase in trade and other receivables. The company's net debt position increased by $0.7 million to $11.93 million, primarily due to the finance obligations associated with the purchase of equipment for the traffic management business in Victoria. The Group has increased its borrowing capacity, with the Invoice Financing Facility expanded from $25 million to $35 million and an additional $5 million overdraft facility put in place to support ongoing organic revenue growth. The company also announced a fully franked interim dividend of 1.4 cents per share, up from 0.8 cents in the prior corresponding period.

Guidance

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

The company has not provided any forward-looking outlook statements in the announcement.