Accordant Group (AGL) H1 2027 earnings summary

Executive summary

• H1 FY27 revenue rose 8% YoY to $88.5m; the after-tax loss narrowed to $234k from $1.1m.

• Markets were active but uneven; H1 EBITDA was modestly ahead of target and FY27 objectives remained on track.

Financial highlights

• Revenue was $88.545m vs $82.029m; loss before tax was $302k vs $1.569m, and after-tax loss was $234k vs $1.122m.

• Cash from operating activities rose 11% to $2.834m from $2.545m; net cash generated from operations increased to $4.422m from $3.877m.

• Actual FY26 revenue was $165m, above the $163m estimate used during the capital raise process.

Outlook and guidance

• Guidance provided during the May capital raise remained unchanged; FY27 objectives remained on track, including estimated EBITDA of ~$3.2m.

• H2 may bring opportunity alongside continued variability; hiring, transformation, infrastructure activity and specialist capability replacement may support demand.

• Priorities include improving profitability, reducing debt and pursuing growth in buoyant market areas, with revenue quality and commercial returns key disciplines.