Aj Lucas Group Limited

AJL.ASX

Industrials

A leading provider of drilling services to the energy and resources sectors, but primarily focused on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines. The Company is also an operat

Market Data

Price

$0.008

-0.1%
Market Cap

$12.4M

P/E Ratio

0.4x

EPS

$0.025

Div. Yield

0.00%

52-Week Change

-0.3%

Latest Earnings

Appendix 4D and Half Yearly Report

27 February 2026

Revenue
$66.92
-11.8% YoY
NPAT
$38.88
+439.5% YoY
EPS
$0.03
Dividend
$0.00

AJ Lucas delivered a dramatic turnaround in H1 FY2026, swinging to a $38.9M profit from a $11.5M loss in the prior year, driven largely by a £12.5M ($25.9M) UK settlement on a carry agreement dispute. While Australian operations improved EBITDA margins to 21.1% despite 11.8% revenue decline due to suspended mining operations and subdued coal markets, the company remains exposed to regulatory headwinds (UK fracking moratorium) and operational constraints. Key points: Dramatic turnaround to $38.9M net profit (vs $11.5M loss prior year) driven by $25.9M UK settlement proceeds; Australian operations EBITDA margin expanded to 21.1% (from 13.5%) despite 11.8% revenue decline, reflecting improved operational efficiency and reduced overhead; Reported EBITDA surged 335.8% to $38.5M, with Australian operations contributing $14.1M (+37.7%) and UK operations $24.4M (settlement-driven)

Recent Announcements

27 Feb 2026 Actual Results Neutral

Appendix 4D and Half Yearly Report

AJ Lucas delivered a dramatic turnaround in H1 FY2026, swinging to a $38.9M profit from a $11.5M loss in the prior year, driven largely by a £12.5M ($25.9M) UK settlement on a carry agreement dispute. While Australian operations improved EBITDA margins to 21.1% despite 11.8% revenue decline due to suspended mining operations and subdued coal markets, the company remains exposed to regulatory headwinds (UK fracking moratorium) and operational constraints. Key points: Dramatic turnaround to $38.9M net profit (vs $11.5M loss prior year) driven by $25.9M UK settlement proceeds; Australian operations EBITDA margin expanded to 21.1% (from 13.5%) despite 11.8% revenue decline, reflecting improved operational efficiency and reduced overhead; Reported EBITDA surged 335.8% to $38.5M, with Australian operations contributing $14.1M (+37.7%) and UK operations $24.4M (settlement-driven)

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