Boom Logistics (BOL) Q1 2026 TU earnings summary

Executive summary

• Profit after tax expected to grow in FY26, driven by strategic execution, customer value focus, and disciplined fleet deployment.

• Asset regeneration program led to lower capital expenditure and higher cash flows, supporting capital management.

• Strong demand and increased tender activity across renewables, infrastructure, resources, and industrials.

Financial highlights

• Q1 FY26 revenue rose 2% year-over-year to $70.7m.

• Cash at bank increased 42% to $19.2m compared to Q1 FY25.

• Net debt up 4% to $96.0m year-over-year.

• Capital expenditure fell 55% to $3.9m; net capital expenditure down 76% to $1.8m.

• Asset disposals increased 133% to $2.1m.

Outlook and guidance

• Earnings per share growth of 15% expected in FY26, supported by business improvements and share buyback.

• Strong project pipeline in wind construction, maintenance, and transmission line sectors to drive long-term growth.