Boom Logistics (BOL) H1 2026 earnings summary

Executive summary

• Revenue for 1H FY26 rose 8% year-over-year to $142.2 million, driven by strong project activity in mining, resources, and infrastructure sectors, with operational improvements and high asset utilisation supporting results.

• Underlying NPAT increased 32% to $6.6 million, while statutory NPAT was $5.2 million, reflecting one-off costs from the Clarke Creek incident and reimbursement of misused funds.

• Strong cash generation and balance sheet flexibility support ongoing capital allocation and shareholder returns.

• Leadership transition and operational expertise have focused on sustainable returns and disciplined capital management.

Financial highlights

• Revenue reached $142.2 million, up 8% year-over-year, with underlying EBITDA at $26.8 million (+5%) and statutory EBITDA at $25.4 million.

• Underlying EPS rose 37%-39% to 16c, while statutory EPS was 13c, impacted by one-off items.

• Free cash flow for the half was $15.1 million, with cash at bank of $25.5 million (+73% YoY).

• Net CapEx for 1H FY26 was $1.7 million, with gross CapEx of $4.4 million offset by $2.7 million in disposals.

• Net assets increased to $133.8 million, with total assets at $280.0 million.

Outlook and guidance

• Upgraded FY26 guidance: statutory NPAT ~$10.5 million, underlying NPAT ~$11.9 million.

• Statutory EPS guidance raised to ~26c (up ~20% YoY); underlying EPS to 30c (up ~37%).

• Shareholder return target increased to $6.0 million for FY26, primarily via share buyback.

• Guidance reflects improved fleet productivity, stronger margin mix, and continued capital discipline.

• Renewables outlook softer in the next 6–12 months, but resources and infrastructure expected to offset.