Shine Justice (SHJ) H2 2026 earnings summary

Executive summary

• FY 2026 saw revenue rise 2.3% to AUD 209.2 million (statutory), with adjusted revenue at AUD 220.4 million, up 7.8% year-over-year, and EBITDA up 13.9%.

• Adjusted NPAT was AUD 15.8 million, up 62.9%, and adjusted EPS rose 87.8%.

• Net profit attributable to members surged to AUD 9.3 million, up 1,440% from the prior year.

• Growth was driven by personal injury and class actions, higher average fees, and disciplined cost management.

• Celebrated 50 years in operation, serving over 233,000 clients with a national and growing international presence.

Financial highlights

• Statutory revenue: AUD 209.2 million (+2.3%); adjusted revenue: AUD 220.4 million (+7.8%).

• Statutory EBITDA: AUD 31.7 million; adjusted EBITDA: AUD 44.7 million (+13.9%).

• Statutory NPAT: AUD 6.7 million; adjusted NPAT: AUD 15.8 million (+62.9%).

• Net profit after tax attributable to members was AUD 9.3 million, up from AUD 0.6 million.

• Operating cash flow stable at AUD 19 million; net work in progress up 0.9% to AUD 366.6 million.

• Fully franked dividends totaling AUD 0.04 per share declared for FY26.

Outlook and guidance

• Expecting continued growth in personal injury and class actions, with a focus on disciplined file acquisition and improved matter management.

• Anticipates improved cash conversion and profitability in FY 2027, with benefits from technology investments expected in FY 2028.

• International mass torts strategy to expand, leveraging the U.S. hub to source cases globally.

• High single-digit revenue growth in PI segment seen as achievable for FY 2027.