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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.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.
- Net profit after tax surged 99% to $27.1 million, driven by strong manufacturing and investment gains.SFC
H2 2024 - Net profit dropped sharply on lower sales, but recovery and new property development are underway.SFC
H1 2026 - Revenue up 2%, statutory NPAT down 10%, but adjusted NPAT rose 16% on strong manufacturing.SFC
H2 2025 - Net profit after tax rose 44% to $12.7m, with strong Delta and investment gains.SFC
H1 2025
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