• SGH EBIT of $1,554m, up 1% and in line with guidance
• EBIT Margin of 14.7%, up 40bp
• Boral EBIT of $535m, up 14%
• WesTrac EBIT of $647m, up 1%
• Full-year fully franked dividends of 64cps, up 3%

SGH Ltd today announced its results for the full year ended 30 June 2026, delivering earnings growth in line with guidance, continued margin expansion, and further balance sheet strength. The result was driven by SGH's relentless operating discipline, highlighted by margin expansion at Boral and WesTrac. Revenue of $10.6 billion was broadly in line with the prior year, with underlying growth at Boral, offset by the previously announced normalization of capital sales at WesTrac. EBIT margin expanded by 40 basis points to 14.7%, delivering underlying EBIT of $1,554 million, up 1%. Underlying NPAT of $920 million and underlying EPS of $2.26 were broadly flat. Statutory NPAT of $655 million was up 35%. Strong operating performance and working capital discipline delivered operating cash flow of $2.1 billion at 99% EBITDA cash conversion. This supported a 12% reduction in the Adjusted Net Debt to EBITDA ratio to 1.8x, below SGH's target range, and provides balance sheet capacity for the next leg of growth. SGH declared a fully franked final dividend of 32cps, bringing full-year dividends to 64cps, up 3%.

SGH expects to deliver flat to low single-digit EBIT growth in FY27.

SGH's medium-term outlook is supported by long-duration demand across its core end markets, including a $1.7 trillion five-year infrastructure and construction pipeline and continued growth in mining production.