Coventry Group Ltd FY26 Full Year Results
Key points
- Group Sales up +2.8% to $375.3m on constant currency basis
- Underlying EBITDA down -23.6% to $9.4m
- Achieved $10m annualised cost-out target
Full summary
Coventry Group Ltd reported its FY26 results, showing a 2.8% increase in group sales to $375.3m on a constant currency basis. Statutory revenue was $371.3m. The group's underlying EBITDA decreased by 23.6% to $9.4m, with a notable improvement in the second half to $6.2m. The group achieved its $10m annualised cost-out target, and inventory was reduced by $10.6m to $78.4m. Net debt was $55.2m at 30 June 2026, with available liquidity of $14.8m. Banking facilities were extended to 31 August 2028. The strategic review remains ongoing, with the board considering non-binding offers. The group enters FY27 with positive momentum, aiming for revenue growth, margin improvement, and debt reduction.
Guidance
Underlying EBITDA down -23.6% to $9.4m for FY26
Outlook
Positive momentum entering FY27 with targets for revenue growth, margin improvement, and debt reduction.
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