• Improved March-quarter trading with cash receipts up 14.9% year-on-year
• Stronger sales and multiple project wins across Queensland and New South Wales
• Refinanced debt facilities with Commonwealth Bank of Australia on improved terms

AVADA Group Limited (ASX: AVD) has reported its quarterly activities report and Appendix 4C for the three-month period ended 31 March 2026. The company delivered improved March-quarter trading, with cash receipts increasing 14.9% year-on-year, reflecting improved sales activity across its core operating regions in Queensland, New South Wales, and Victoria. As volumes increased through the quarter, operating cash outflows also rose, primarily driven by mobilisation and delivery costs associated with servicing new and expanding work programs. During the quarter, AVADA continued to progress its national operating model, with ongoing focus on alignment between business development, commercial, and operational teams to support consistent delivery outcomes. Tendering and pricing activity remained active, with the company maintaining a focus on pricing and cost-recovery mechanisms, alongside ongoing contract and margin review disciplines. The Group also strengthened its working capital, with a focus on debtor collection, invoice quality, and reducing aged receivables. In March 2026, the Group successfully completed the refinancing of its debt facilities with the Commonwealth Bank of Australia, replacing the existing $40 million term loan with multiple facilities totalling $42.6 million, with maturities ranging from 18 months to two years. The refinanced facilities have been implemented on improved commercial terms and provide enhanced flexibility and increased covenant headroom, strengthening the balance sheet and supporting AVADA's ongoing operational and strategic growth initiatives.