• Underlying EBIT up 16.9% to $228.2 million
• FY26 EBIT guidance upgraded to $480-$500 million
• Solid Waste Services delivers strong growth and margin expansion

Cleanaway Waste Management Limited (ASX: CWY) today announced its financial results for the 6 months ended 31 December 2025 (1H FY26), delivering growth in key financial metrics compared to the prior corresponding period. Highlights include:- Gross revenue up 13.7% to $2,205.8 million and net revenue up 13.0% to $1,875.3 million- Underlying EBIT up 16.9% to $228.2 million, with Solid Waste Services delivering strong growth and Contract Resources exceeding expectations- Underlying EBIT margin up 40 basis points to 12.2%- Declared a fully franked interim dividend of 3.35 cents per share, up 19.6%- FY26 underlying EBIT guidance upgraded to $480 million to $500 million (previously $470 million to $500 million)CEO Mark Schubert said the upgrade to guidance demonstrates the underlying strength of the business and delivery on commitments to shareholders. The Solid Waste Services segment delivered earnings growth and margin expansion, while the five-month contribution from Contract Resources exceeded expectations.The company also commenced two key programs of work during the half, including the roll out of a yellow gear pedestrian detection system and an In-Vehicle Monitoring System across its fleet, as part of its focus on safety and risk reduction.

Cleanaway has upgraded its FY26 underlying EBIT guidance range and now expects underlying EBIT to be between $480 million and $500 million.

The improved second half of FY26 performance is expected to be driven by positive organic growth in Solid Waste Services, robust performance across most business lines in Environmental and Technical Solutions, Contract Resources synergies of approximately $3 million, and initial indirect cost reduction benefits of approximately $15 million.