Key points
- Group revenue increased by 14.6% to $209.8 million
- Statutory loss after tax improved by 2.4% to $15.2 million
- Adjusted EBITDA improved to $13.1 million
- Banking facilities successfully refinanced and expanded
- No dividend declared for FY26
Full summary
Avada Group Ltd (ASX: AVD) has reported an improving operating performance in FY26, driven by strong revenue growth in its two largest markets, Queensland and New South Wales, and the initial benefits of its ongoing business transformation. Key highlights include: Group revenue increased by 14.6% to $209.8 million for FY26 (FY25: $183.1 million) reflecting strong growth in New South Wales and Queensland with new customers and new locations. The statutory loss after tax improved by 2.4% to $15.2 million (FY25: $15.6 million), while Adjusted EBITDA improved to $13.1 million (FY25: $12.8 million). The Group has also successfully refinanced and expanded its banking facilities with CBA. Transformation initiatives have substantially improved operational disciplines and financial resilience.