FY26 Financial Results Presentation

• Revenue flat on prior comparable period
• Underlying EBITDA down 22.0% on prior comparable period
• EBIT down 46.2% on prior comparable period

Environmental Group Ltd (EGL) has presented its FY26 financial results, showing flat revenue on the prior comparable period. The company's underlying EBITDA declined by 22.0% while EBIT fell by 46.2% compared to the prior year. Key highlights include EGL Energy's revenue growth of 20.2%, EGL Waste's revenue increase of 27.7%, and EGL Baltec's revenue decrease of 25.5%. EGL Clean Air's revenue declined by 3.9% while EBITDA margin improved. The company's recurring revenue base, which comprises maintenance services and other contracts, has grown to over 55% of total revenue. EGL's focus on recurring revenue, margin quality, and cash conversion is expected to continue in the future.

Normalised EBITDA expected to increase on prior comparable period

EGL expects normalised EBITDA to increase on prior comparable period, driven by improved margins. EGL Energy should see improved EBITDA margins, while EGL Baltec's outlook is strong with short-term timing uncertainty. EGL Clean Air is expected to see growth with a major rare earths contract win, and EGL Waste Services' PFAS treatment plant sales are gaining traction.