Key points
- FY26 revenue expected to be A$165-170m, down from A$190m guidance
- FY26 Underlying EBITDA expected to be A$11-13m
- FY27 revenue guidance set at A$170-180m, EBITDA at A$18-20m
- Tim James appointed as Acting Managing Director
- Company expects to apply cash to reduce term debt and leverage
Full summary
Schoolblazer Ltd (ASX: SBZ) has released a trading update for the financial year ending September 30, 2026, highlighting a challenging year impacted by a weaker than expected Northern Hemisphere back-to-school period. Despite this, the company has taken decisive actions to reduce costs and strengthen its cash position. The company expects FY26 revenue to be between A$165-170m, down from the previous guidance of A$190m, with Underlying EBITDA expected to be A$11-13m. FY27 is expected to see revenue between A$170-180m and Underlying EBITDA between A$18-20m, driven by cost savings, contract wins, and a shift towards higher-margin direct-to-consumer channels. Tim James has been appointed as Acting Managing Director to navigate the company through these changes.
Guidance
FY26 revenue A$165-170m, FY26 Underlying EBITDA A$11-13m, FY27 revenue A$170-180m, FY27 Underlying EBITDA A$18-20m
Outlook
Schoolblazer Ltd expects to return to earnings growth in FY27 with improved revenue and EBITDA driven by accelerated cost savings, contract wins, and a higher-margin channel mix.