Appendix 4E & Annual Report (Inc. Sustainability Report)

Key points

• Revenue increased by 16.7% to $602.2 million
• Profit after tax surged by 189.5% to $6.29 million
• Dividend payout increased to 60% of earnings
• Acquisition of major logistics company customer contracts
• Borrowing capacity increased to $50 million

Full summary

Ashley Services Group Ltd's FY26 Annual Report highlights significant growth with a 16.7% increase in revenue to $602.2 million and a substantial 189.5% rise in profit after tax to $6.29 million. Key achievements include contract wins in supply chain and retail sectors, geographic expansion in horticulture, and a rebound in construction and traffic businesses in Victoria. The Group also acquired the customer contracts of a major logistics company, which is expected to be earnings per share accretive in FY27. Borrowing capacity was increased to $50 million to support the acquisition. The Group declared a final dividend of 1.15 cents per share, bringing the full-year dividend to 2.55 cents per share, a 60% payout ratio.

Guidance

Revenue expected to grow by 16.7%, profit after tax by 189.5% for FY26

Outlook

The Group expects continued growth driven by strategic initiatives, including the integration of new customer contracts and geographic expansion.