CTI Logistics (CLX) H1 2026 earnings summary

Executive summary

• Revenue for the half year ended 31 December 2025 increased by 7.6% to $178.4m year-over-year, driven by higher customer demand across transport and logistics segments, especially towards the end of the period.

• EBITDA (excluding a $2.1m impairment reversal) rose 25.2% to $35.5m compared to the prior year.

• Profit before tax (excluding impairment reversal) was $15.3m, up 64.2% year-over-year, reflecting strong demand, operational expansion, and cost control.

• Net assets increased by 7.0% since 30 June 2025, reaching $137.4m, mainly due to half-year profit after tax.

• Strong operating cash flows were maintained, with $9.0m invested in vehicle and equipment upgrades and completion of a new 10,000sqm facility in Hazelmere, WA.

Financial highlights

• Revenue: $178.4m (up 7.6% year-over-year).

• EBITDA (excluding impairment reversal): $35.5m (up 25.2% year-over-year).

• Profit before tax (excluding impairment reversal): $15.3m (up 64.2% year-over-year).

• Net profit after tax: $12.8m (up from $7.1m in the prior year).

• Basic EPS: 16.35 cents (up from 9.15 cents year-over-year).

• Operating cash flow: $19.5m (up from $14.2m year-over-year).

Outlook and guidance

• Directors remain positive on the freight industry, expecting continued growth from population, regional development, and online spending.

• Ongoing industry consolidation anticipated as operators seek scale.

• The group is well positioned for growth, evaluating synergistic acquisitions and leveraging recent capacity expansions.