• Delivered record financial performance, competitive advantages & differentiated capabilities
• Acquired Hardware & Building Traders (HBT), creating Australia's largest independent distribution group in the hardware & industrial sector
• Strengthened balance sheet with $19.5m capital raise

Stealth Group Holdings Ltd reported record half-year results for 1H FY26, delivering strong financial performance across key metrics. Sales increased 11.8% to $82.2 million, with the Hardware, Industrial & Safety division growing 16.8% and the Consumer division up 2%. EBITDA increased 17.5% to $5.4 million, and NPAT rose 51.4% to $1.6 million. The company's balance sheet was also strengthened, with a $19.5 million capital raise completed in November 2025 and net debt improving 34% to $32.5 million. Stealth highlighted four key messages: strong compelling opportunities in a large, highly fragmented market where it plans to take market share as the leading independent alternative; investments creating a position of strength to drive significant sales and earnings growth; a clear growth plan building momentum using a capital-light model; and the delivery of record financial performance, competitive advantages, and differentiated capabilities. The company completed the transformational acquisition of Hardware & Building Traders (HBT) in November 2025, creating Australia's largest independent distribution group in the hardware and industrial sector with over 1,200 new locations and $800 million in annual purchase volume. Stealth also continued to progress its strategy on products and services, including expanding its exclusive and own-brand offerings, growing its online and digital platforms, and launching a new hire business. The company is well-positioned to capitalize on the significant growth opportunities in its markets, with a strengthened platform, scale, and network to drive further sales and earnings growth.

Stealth has upgraded its FY28 targets to reflect the structural capability uplift from the HBT acquisition, with targets of $500m+ in sales, EBITDA margins of 8-12%, and NPAT margins of 5-8%.

Stealth expects its strong momentum to continue into 2H FY26, with the integration programs from the HBT acquisition actively progressing and 2H FY26 expected to exceed 1H FY26 results.