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EBOS Group (EBO) investor relations material
EBOS Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 FY26 grew 13% year-over-year to AUD 6.77 billion, driven by strong Healthcare and Animal Care performance and recent acquisitions.
Underlying EBITDA increased 3.2% to AUD 300 million, with statutory EBITDA up 9.7% to AUD 303 million; NPAT was AUD 125 million (statutory +13%).
Interim dividend maintained at NZD 0.57 per share, payout ratio 82% of underlying NPAT, payable 27 March 2026.
Bolt-on acquisitions totaling AUD 70 million were completed, expanding Medical Technology and pharmacy reach, with early positive trading results.
The business is well-positioned for FY 2027, with revenue momentum from network growth, innovation, and regional expansion.
Financial highlights
Revenue grew 13% year-over-year to AUD 6.8 billion for the half, reflecting strong momentum in both Healthcare and Animal Care.
Underlying EBITDA increased to AUD 300 million (+3.2%), and underlying NPAT was AUD 125 million, slightly down due to DC Renewal Program impacts.
Statutory NPAT rose 13% to AUD 125 million, benefiting from reduced non-recurring costs.
Underlying EPS was AUD 0.614; ROCE at 12.9%, impacted by ongoing capital investment.
Net cash inflow from operating activities was AUD 46.6 million, down from AUD 189.8 million year-over-year.
Outlook and guidance
FY26 underlying EBITDA guidance reaffirmed at AUD 615–635 million, with growth weighted to H2 and expectations to finish at the top end.
CapEx for the half was AUD 70 million; full-year CapEx guidance unchanged, with a 30% reduction expected in FY27 as the capital cycle ends.
Second half of FY26 expected to see EBITDA of AUD 315–335 million, driven by full-period contributions from acquisitions and productivity gains.
Margin improvement and cash flow growth anticipated in FY27 as DCs reach steady state and D&A and interest normalize.
Board expects continued growth, supported by recent acquisitions and expanded product offerings.
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