Key points
- FY26 Underlying profit before tax of $38.2 million, within guidance range.
- FY26 Statutory Net profit/(loss) after tax of ($90.9 million) due to non-cash impairment.
- Strategic Reset and Performance Improvement Program achieved cost reductions.
- Revised Qantas agreement strengthens profitability and cash generation.
- Announced $40 million Equity Raising to enhance liquidity and balance sheet flexibility.
Full summary
Alliance Aviation Services Limited reports its financial results for the full year ended 30 June 2026, with an underlying profit before tax of $38.2 million, within the guidance range of $35 million to $40 million. The statutory net profit/(loss) after tax was ($90.9 million) due to non-cash impairment and asset write-downs primarily associated with the Fokker fleet. The company has completed a Strategic Reset and Performance Improvement Program, leading to meaningful cost reductions in the second half of the year. A revised agreement with Qantas strengthens the economic sustainability of Alliance's largest wet lease arrangement, with higher pricing, improved contractual protections, and enhanced margin and cash generation. Additionally, the company announced a $40 million fully underwritten equity raising to enhance liquidity and balance sheet flexibility.
Guidance
FY27 underlying EBITDA expected between $175 million to $190 million, underlying profit before tax between $55 million and $60 million
Outlook
Alliance expects improved profitability and cash flow in FY27, driven by the revised Qantas agreement, strategic reset, and equity raising.