Coventry Group (CYG) Q1 2026 TU earnings summary

Executive summary

• Q1 FY26 sales reached $99.3m, up 4.5% year-over-year, despite softness in Victoria, Tasmania, and New Zealand markets.

• Unaudited EBITDA for Q1 FY26 was $2.9m, a significant improvement from the breakeven result in Q4 FY25.

• New management and a group-wide incentive scheme have driven a positive shift in sales culture.

Financial highlights

• Q1 FY26 Group sales: $99.3m, up 4.5% compared to the same quarter last year.

• Unaudited EBITDA: $2.9m for Q1 FY26, up from breakeven in Q4 FY25.

• Trade Distribution segment sales: $58.8m; Fluid Systems segment sales: $40.5m.

Outlook and guidance

• FY26 EBITDA guidance is greater than $20m, with expectations of quarter-on-quarter improvement.

• Guidance excludes benefits from the cost-out program, with full impact expected in FY27.