AJ Lucas Group (AJL) Q1 2027 TU earnings summary

Executive summary

• Q1 FY27 revenue was $31.4m; Australian operations improved from Q4 FY26, when geotechnical issues disrupted a key client’s underground longwall operation.

• Consolidated EBITDA was $6.0m; excluding the prior-year UK dispute settlement, the comparable prior-year quarter was $6.7m.

Financial highlights

• Revenue was $31.4m versus $35.7m in Q1 FY26, equal to 26% of FY26 revenue.

• Australian Operations EBITDA was $6.3m versus $7.9m YoY, equal to 37% of FY26 EBITDA.

• Consolidated EBITDA was $6.0m versus $32.6m; Q1 FY26 included $25.9m from a UK dispute settlement, and was $6.7m excluding that item.

Outlook and guidance

• Australian drilling activity began the year robustly after improving from Q4 FY26; no numerical forward guidance was stated.

• Conventional gas opportunities on UK onshore licenses remain in progress, unaffected by the hydraulic fracturing moratorium.