Trading Update and Revised FY26 Earnings Guidance
| Stock | Environmental Group Ltd (the) (EGL.ASX) |
|---|---|
| Release Time | 22 May 2026, 9:55 a.m. |
| Price Sensitive | Yes |
EGL.ASX: Trading Update and Revised FY26 Earnings Guidance
- Revised FY26 normalised EBITDA guidance to $8.5-$9.0M from $12.7-$13.5M
- EGL Energy impacted by operational matters and higher diesel costs
- EGL Baltec affected by shipping and port disruption, slower tender awards
- EGL Clean Air and EGL Waste perform in line with expectations
Environmental Group Ltd. (ASX: EGL) has revised its FY26 normalised EBITDA guidance to $8.5-$9.0M, down from the prior guidance of $12.7-$13.5M. The revision is primarily due to operational matters in EGL Energy, including job-level cost allocation issues and higher fleet diesel costs, impacting EBITDA by $2.5M. EGL Baltec faces delays in project deliveries due to shipping and port disruptions and slower tender awards from the Middle East, impacting EBITDA by $1.5M. EGL Clean Air and EGL Waste continue to perform in line with expectations, with no material changes identified. The company remains focused on converting revenue growth into improved profitability and cash generation.
FY26 normalised EBITDA guidance of $8.5-$9.0M
EGL remains focused on converting continued revenue growth into improved profitability and cash generation.