Emeco Holdings Limited
EHL.ASXIndustrials
The Emeco Group is a provider of open cut and underground mining equipment, maintenance and project support solutions and services.
Market Data
$0.980
-0.0%$510.6M
6.6x
$0.150
0.00%
-0.2%
Latest Earnings
Trading Update - FY26 results expectations and FY27 outlook
18 June 2026
Emeco expects FY26 Operating EBITDA of $290-295M and Operating EBIT of $145-150M, reflecting resilient earnings and strong margins despite moderately softer trading conditions from wet weather and supply chain challenges. The company maintains a strong balance sheet with net leverage improving to 0.4x and provides FY27 guidance for stable earnings with second-half weighting, underpinned by secured fleet redeployment and improving utilization. Key points: Strong balance sheet with net leverage improving to 0.4x, providing flexibility for M&A opportunities; Operating EBITDA guidance of $290-295M demonstrates resilient earnings despite moderately softer trading conditions from wet weather and supply chain challenges; Secured FY27 equipment redeployment opportunities with second-half weighting expected to drive earnings stability
Recent Announcements
Becoming a substantial holder
Kambiz Nourbakhsh became a substantial holder (5.011091%).
Trading Update - FY26 results expectations and FY27 outlook
Emeco expects FY26 Operating EBITDA of $290-295M and Operating EBIT of $145-150M, reflecting resilient earnings and strong margins despite moderately softer trading conditions from wet weather and supply chain challenges. The company maintains a strong balance sheet with net leverage improving to 0.4x and provides FY27 guidance for stable earnings with second-half weighting, underpinned by secured fleet redeployment and improving utilization. Key points: Strong balance sheet with net leverage improving to 0.4x, providing flexibility for M&A opportunities; Operating EBITDA guidance of $290-295M demonstrates resilient earnings despite moderately softer trading conditions from wet weather and supply chain challenges; Secured FY27 equipment redeployment opportunities with second-half weighting expected to drive earnings stability
Appendix 4D Half year report 1H26
Emeco Holdings delivered a solid first half performance with revenue up 9% to $420.8 million and net profit rising 15% to $38.7 million. The equipment rental company maintained its conservative dividend policy with no interim dividend declared. Net tangible asset backing improved to $1.44 per share from $1.28 in the previous period. Key points: Revenue growth of 9% to $420.8 million demonstrates solid operational performance; Net profit increased 15% to $38.7 million, showing strong earnings conversion; Net tangible asset backing improved to $1.44 per share from $1.28
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