Sgh Limited

SGH.ASX

Industrials

SGH Ltd is a leading Australian diversified operating company, with market leading businesses across industrial services, energy and media.

Market Data

Price

$40.960

-0.0%
Market Cap

$16.8B

P/E Ratio

38.4x

EPS

$1.074

Div. Yield

1.55%

52-Week Change

-0.1%

Latest Earnings

Half Year Results Presenters Notes and Q & A

11 February 2026

Revenue
$5,400
-2.0% YoY
NPAT
$473.00
+1.0% YoY
Dividend
$0.32

SGH delivered a strong first-half FY26 result with EBITDA up 1% to $1.1B and NPAT up 2% to $518M, despite revenue being flat at $5.4B due to normalized WesTrac capital sales. The company demonstrated excellent cash generation with operating cash flow up 32% to $1.1B and reduced leverage to 1.91x, supporting a 7% increase in dividends to 32cps and maintaining FY26 guidance for low to mid single-digit EBIT growth. Key points: Operating cash flow surged 32% to $1.1B with 98% EBITDA cash conversion; EBIT margin expanded 30 basis points to 15.6% driven by disciplined cost control; Boral delivered record first-half performance with 10% EBIT growth to $284M

Recent Announcements

11 Feb 2026 Date Announcement Neutral

Earnings Release - 11 February 2026

Upcoming earnings release expected 11 February 2026 (from Yahoo Finance (confirmed))

11 Feb 2026 Actual Results Positive

Half Year Results Presenters Notes and Q & A

SGH delivered a strong first-half FY26 result with EBITDA up 1% to $1.1B and NPAT up 2% to $518M, despite revenue being flat at $5.4B due to normalized WesTrac capital sales. The company demonstrated excellent cash generation with operating cash flow up 32% to $1.1B and reduced leverage to 1.91x, supporting a 7% increase in dividends to 32cps and maintaining FY26 guidance for low to mid single-digit EBIT growth. Key points: Operating cash flow surged 32% to $1.1B with 98% EBITDA cash conversion; EBIT margin expanded 30 basis points to 15.6% driven by disciplined cost control; Boral delivered record first-half performance with 10% EBIT growth to $284M

11 Feb 2026 Supplementary Neutral

Presentation of Half Year Results

SGH delivered flat EBIT of $844m despite challenging market conditions, supported by margin expansion at its industrial services businesses WesTrac and Boral. Strong operating cash flow of $1,084m (up 32%) and reduced leverage to 1.91x demonstrate improved financial resilience, with management reiterating guidance for low to mid-single digit EBIT growth in FY26. Key points: EBIT margin improved to 15.6% (up 30bp) driven by profitability improvements at Boral and WesTrac; Strong operating cash flow of $1,084m, up 32% with EBITDA cash conversion of 98%; Leverage reduced to 1.91x, below target range and improved 4% since year-end

11 Feb 2026 Actual Results Neutral

Appendix 4D and Half Year Financial Report

SGH reported mixed HY26 results with revenue declining 1.8% to $5.41B, but underlying NPAT increased 2.2% to $516.6M. The company maintained its interim dividend at 32 cents fully franked while continuing investment in growth assets including $96M in producing and development assets. Key points: Underlying NPAT grew 2.2% to $516.6M despite revenue decline; Maintained interim dividend at 32 cents fully franked; Strong operating cash flow of $740.8M, up 46.5% from prior period

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