Key points
- Revenue reduced by 4.8% to $457.9m in FY26
- Underlying loss after tax of $5.8 million, compared to a profit of $3.5m in FY25
- Strategic expansion of facilities impacted margins due to underutilised capacity
- DGL plans to improve utilisation, margins, and earnings in FY27
- Significant investment in new facilities to drive higher returns as utilisation increases
Full summary
DGL Group Ltd presented its FY26 results, showing a 4.8% decline in revenue to $457.9 million. The company reported an underlying loss after tax of $5.8 million, compared to a profit of $3.5 million in FY25. The volatile external environment, including weaker economic conditions, higher fuel and raw material costs, and increased international shipping rates, impacted revenue and earnings. Competition from low-cost imports and driver shortages also affected performance. The strategic expansion of warehouse and manufacturing facilities led to underutilised capacity, impacting margins. DGL continued to invest in capacity and systems, with a focus on improving utilisation, margins, and earnings in FY27. The company also highlighted its commitment to health and safety initiatives, with a reduced Total Recordable Injury Frequency Rate (TRIFR) in FY26.
Guidance
Underlying EBITDA guidance for FY27 not provided
Outlook
DGL intends to leverage its comprehensive network of facilities, capabilities, and infrastructure to improve profitability in FY27. The key focus is on improving utilisation, margins, and earnings.