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AJ Lucas Group (AJL) investor relations material
AJ Lucas Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a profit after tax of $28.5 million in FY2026, reversing a $15.0 million loss in FY2025.
Settlement of a UK shale gas licence dispute contributed $25.9 million to results.
Financial highlights
Total revenue from continuing operations was $119.6 million, down 17.9% year-over-year.
Total reported EBITDA rose 181.1% to $40.7 million compared to FY2025.
Net finance costs decreased significantly to $0.3 million from $21.7 million.
Depreciation and amortisation improved by 14.2% year-over-year.
Outlook and guidance
Fundamentals in the metallurgical coal sector remain robust, with expectations for activity recovery.
UK operations maintain licence interests at minimum cost amid ongoing fracking moratorium.
- EBITDA and revenue rose on strong coal demand, with a robust outlook despite a small net loss.AJL
H2 2024 - Revenue and profit fell sharply, but debt costs dropped and a major cash settlement was secured.AJL
H2 2025 - Profit rebounded to $38.9 million on UK settlement and operational gains, despite lower revenue.AJL
H1 2026 - Challenging year saw lower earnings, major debt reduction, and strategic focus on innovation.AJL
AGM 2025 - EBITDA dropped to $8.8M amid operational setbacks and urgent 2025 refinancing needs.AJL
H1 2025
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