AJ Lucas Group (AJL) H2 2026 earnings summary

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.