Boom Logistics (BOL) H2 2026 earnings summary

Executive summary

• Revenue grew 2.4% year-over-year to AUD 271 million, driven by strength in resources and infrastructure sectors, with underlying EBITDA up 6.6% to AUD 53.3 million and underlying NPAT up 37.6% to AUD 12.8 million.

• Underlying EPS increased 48.2% to AUD 0.329, and free cash flow surged 83% to AUD 18.3 million, reflecting improved margins and cash generation.

• Secured and renewed over AUD 230 million in contracts, including a major renewal with BHP Olympic Dam, supporting future revenue streams.

• Portfolio mix shifted: resources 55% of revenue, infrastructure (including transmission) 20%, with selective renewables and industrials focus.

• Strengthened balance sheet with reduced net gearing and robust free cash flow generation.

Financial highlights

• Revenue: AUD 271 million (+2.4% vs FY25); Underlying EBITDA: AUD 53.3 million (+6.6%); Underlying NPAT: AUD 12.8 million (+37.6%).

• Underlying EPS increased 48.2% to 32.9c; statutory EPS at 28.5c.

• Free cash flow of AUD 18.3 million (+83%); cash at bank AUD 24.7 million (+72.7%).

• Net gearing reduced to 39.5%-40%, within the 35%-45% target range; net assets increased to AUD 135.1 million.

• RoNA improved to 9% in FY26 from 7% in FY25 and 6% in FY24.

Outlook and guidance

• Entering FY27 with a solid foundation, targeting continued EPS growth and up to AUD 7 million in share buybacks.

• CapEx for FY27 expected between AUD 15 million and AUD 19 million, with selective fleet investment.

• Focus remains on profitable growth, margin protection, and disciplined capital allocation.

• Free cash flow improvement expected to be sustainable, with optimism for continued growth.

• Entering FY27 with approximately AUD 200 million of secured contract work and a strong operating platform.