Fluence (FLC) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 rose 14.6% year-over-year to $37.6 million, driven by growth in Smart Product Solutions and Recurring Revenue segments.

• Loss after tax attributable to owners decreased 79% to $823,000 compared to H1 2025.

• EBITDA reached $3.4 million, the highest in over five years, reflecting margin expansion and improved project execution.

• Gross margin improved to 35.5% from 26.7% year-over-year, aided by recognition of Ivory Coast O&M fees and higher-margin product mix.

• No dividends were declared or paid during the period.

Financial highlights

• Revenue: $37.6 million (up 14.6% year-over-year).

• Loss after tax: $823,000 (down from $3.85 million loss in H1 2025).

• EBITDA: $3.4 million (up $3.3 million year-over-year).

• Gross margin: 35.5% (up from 26.7% in H1 2025).

• Net tangible assets per share: -0.95 cents (improved from -1.04 cents at 30 June 2025).

• Cash and cash equivalents: $10.9 million at 30 June 2026.

Outlook and guidance

• Double-digit revenue growth expected for FY2026, with confidence in meeting EBITDA growth targets.

• H2 2026 revenue and new orders anticipated to exceed H1 2026 as backlog projects are executed.

• Substantial contracted sales backlog of $59.8 million supports future revenue.