Avada Group Ltd FY26 Results Presentation
Key points
- Strong revenue growth in Queensland and New South Wales
- Impairments of $15.0m on Victoria operations
- Successful engagement as the head contractor for 2032 Olympic Games
Full summary
Avada Group Ltd presented its FY26 results, highlighting strong revenue growth in Queensland and New South Wales, driven by new customers and entry into new regional markets. Despite market challenges, including price competition, union labour mandates, and weather conditions, the company managed to improve its gross margin to 18.6% and Adjusted EBITDA to $13.1m. The company also faced impairments of $15.0m on Victoria operations. Avada Group Ltd successfully engaged as the head contractor for 2032 Olympic Games infrastructure preparation. The company refinanced and expanded its CBA banking facilities, positioning itself for future growth.
Guidance
FY26 revenue $210.6m, Adjusted EBITDA $13.1m, Net loss after tax $13.1m
Outlook
Avada Group Ltd is recognized as an industry leader and is strengthening its capacity to adapt to market conditions. The company anticipates year-on-year results driven by expansion in NSW and Qld projects into new regions.
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