ALS

ALQ.ASX

Industrials

The provision of professional technical testing services to the global Minerals, Life Sciences, Energy and Industrial sectors.

Market Data

Price

$22.130

+0.0%
Market Cap

$11.2B

P/E Ratio

34.7x

EPS

$0.629

Div. Yield

1.93%

52-Week Change

+0.0%

Latest Earnings

ALS Full Year results

18 May 2026

Revenue
$3,320
+10.7% YoY
NPAT
$381.20
+25.8% YoY
EPS
$0.76
Dividend
$0.42

ALS delivered record FY26 results with revenue of $3.32 billion (+10.7%) and underlying NPAT of $381.2 million (+25.8%), driven by strong organic growth in Commodities benefiting from cyclical mineral exploration upsurge and margin expansion of 129 bps to 18.0%. The company maintains a strong balance sheet with net debt reduced to 1.5x leverage, generating $674.1 million in free cash flow, and targets mid to high single-digit organic revenue growth in FY27 with continued margin expansion. Key points: Record revenue of $3.32 billion with strong organic growth of 10.7%, driven by buoyant Commodities segment up 18.8% benefiting from mineral exploration cyclical upswing; Underlying NPAT growth of 25.8% to $381.2 million with underlying EBIT margin expansion of 129 bps to 18.0%, led by Commodities margin growth of 167 bps; Minerals business achieved fifth consecutive year above 30% margin at 33.0%, reflecting operating leverage from volume growth and positive pricing evolution in H2

Recent Announcements

10 Jul 2026 Sph Neutral

Ceasing to be a substantial holder

Address ceased to be a substantial holder.

7 Jul 2026 Sph Neutral

Becoming a substantial holder

BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures became a substantial holder.

3 Jul 2026 Sph Neutral

Ceasing to be a substantial holder

Address ceased to be a substantial holder.

2 Jul 2026 Sph Neutral

Becoming a substantial holder

BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures became a substantial holder.

1 Jul 2026 Sph Neutral

Ceasing to be a substantial holder

Address ceased to be a substantial holder.

30 Jun 2026 Sph Neutral

Becoming a substantial holder

BlackRock Inc., through multiple subsidiary entities acting as investment managers, has become a substantial shareholder in ALS Ltd (ALQ) by acquiring approximately 23.6 million ordinary shares between February 27 and March 2026, primarily through on-market purchases at prices ranging from AUD $22.63 to $26.04 per share, along with some in-specie transfers and collateral transfers.

26 Jun 2026 Sph Neutral

Ceasing to be a substantial holder

BlackRock Group (BlackRock Inc. and subsidiaries named in Annexures ceased to be a substantial holder.

22 Jun 2026 Sph Neutral

Becoming a substantial holder

BlackRock Inc., through multiple subsidiary investment managers and advisors, has become a substantial shareholder in ALS Limited (ALQ) by acquiring ordinary shares between February 18 and March 3, 2026, through on-market purchases at prices ranging from AUD $23.94 to $26.04 per share, and in-specie transfers, totaling approximately 21.3 million votes across various custodial holdings.

18 May 2026 Supplementary Neutral

ALS Full Year Results Investor Presentation

ALS Limited released its full year FY26 results (year ending 31 March 2026) showing strong financial performance with 10.7% revenue growth to $3.32 billion, underlying EBIT growth of 19.3% to $599.0m, and underlying NPAT growth of 25.8% to $381.2m, ahead of FY27 targets with improved margins and cash conversion.

18 May 2026 Actual Results Positive

ALS Full Year results

ALS delivered record FY26 results with revenue of $3.32 billion (+10.7%) and underlying NPAT of $381.2 million (+25.8%), driven by strong organic growth in Commodities benefiting from cyclical mineral exploration upsurge and margin expansion of 129 bps to 18.0%. The company maintains a strong balance sheet with net debt reduced to 1.5x leverage, generating $674.1 million in free cash flow, and targets mid to high single-digit organic revenue growth in FY27 with continued margin expansion. Key points: Record revenue of $3.32 billion with strong organic growth of 10.7%, driven by buoyant Commodities segment up 18.8% benefiting from mineral exploration cyclical upswing; Underlying NPAT growth of 25.8% to $381.2 million with underlying EBIT margin expansion of 129 bps to 18.0%, led by Commodities margin growth of 167 bps; Minerals business achieved fifth consecutive year above 30% margin at 33.0%, reflecting operating leverage from volume growth and positive pricing evolution in H2

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