Schaffer Corporation
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Schaffer Corporation (SFC) investor relations material

Schaffer Corporation H2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2026 earnings summary18 Aug, 2026

Executive summary

  • Statutory NPAT for FY26 was $22.2m, down from $24.3m in FY25, with strong recovery in Automotive Leather and significant gains from South Connect Jandakot.

  • Automotive Leather rebounded in 2H26 after a JLR cyber-attack, winning new programs in Europe and China, positioning for growth in FY27.

  • Delta posted a $1.3m loss due to tough industry conditions but ended FY26 with a strong order book for FY27.

  • Group Investments NPAT rose 38% to $4.5m, driven by equity and property gains, offset by US property losses.

  • South Connect Jandakot commenced construction of its first large building and contributed a $10.2m net unrealised after-tax gain on land value.

Financial highlights

  • Total revenue for FY26 was $202.7m, down from $229.7m in FY25.

  • EPS for FY26 was $1.63.

  • Fully franked final dividend of $0.45 per share declared, matching FY25.

  • Cash generated was $22.2m, with $12.3m in capex and $13.5m in dividends paid.

  • Pre-tax net equity value of investments increased to $240.9m ($17.76/share), with 75% in property and South Connect Jandakot valued at $103.1m.

Outlook and guidance

  • Automotive Leather expects 1H27 profitability at least similar to 2H26, with new program launches in Europe and China.

  • Delta anticipates a return to profitability in 1H27, supported by a strong order book.

  • Group remains cautious due to global economic and geopolitical uncertainties, with potential profit volatility in investments.

New China programs' impact on FY27 margins
Drivers for Delta's return to profit in 1H27
South Connect Jandakot leasing and demand outlook
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