Schaffer Corporation Ltd Reports FY26 Results
Key points
- FY26 Statutory NPAT of $22.2 million, down from $24.3 million in FY25
- Automotive Leather shows strong recovery in 2H26 with new programs in Europe and China
- Delta ends FY26 with a strong order book, expected to be profitable in 1H27
- South Connect Jandakot starts construction of a new building, gains $10.2 million in unrealised revaluation
- Total Investment Portfolio's pre-tax net equity value increased to $240.9 million
Full summary
Schaffer Corporation Ltd (ASX: SFC) reported its FY26 full-year results, showing a statutory net profit after tax (NPAT) of $22.2 million, down from $24.3 million in FY25. The Automotive Leather division saw a strong recovery in the second half, rebounding from a challenging first half due to a cyberattack and new program launches. The division won new programs in Europe with Jaguar Land Rover and in China with Chery and Mercedes, which are expected to launch in early FY27. Delta faced a difficult year but ended with a strong order book, expected to lead to a profitable first half of FY27. South Connect Jandakot started construction of its first large building, recording an after-tax unrealised revaluation gain of ~$10.2 million. The total investment portfolio's pre-tax net equity value increased to $240.9 million.
Guidance
Automotive Leather profitability for 1H27 expected to be at least similar to 2H26
Outlook
High levels of global geopolitical and economic uncertainty warrant caution. Subject to risks, Delta expected to be profitable in 1H27.
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