Metro Performance Glass (MPG) H2 2026 earnings summary

Executive summary

• Exited FY26 with a stronger financial and operating position despite challenging markets in New Zealand and Australia.

• Improved underlying trading performance, strengthened cash flow, reduced debt, and reset capital structure via equity raise and refinancing.

Financial highlights

• Revenue was $208.2 million, down 2.7% year-over-year due to weaker construction markets.

• EBIT before significant items improved to $0.9 million from a loss of $0.6 million in FY25.

• EBITDA before significant items rose to $18.2 million from $16.9 million, driven by cost reductions and operational improvements.

• Operating cash flow increased to $15.7 million from $2.1 million, aiding a reduction in net debt to $27.0 million from $60.5 million.

Outlook and guidance

• Expects further improvement in cash flow, debt levels, and profitability in FY27, driven by higher revenue and margin recovery.

• No formal earnings guidance for FY27 due to high market uncertainty; base outlook assumes no market improvement.