WasteCo Group Limited Ordinary Shares
WCO.NZXIndustrials
On 5 December 2022 the company completed the acquisition of WasteCo Holdings NZ Limited, and a reverse listing as WasteCo Group Limited (trading as WCO) (WasteCo) The WasteCo group was formed by Carl Storm and James Redmayne and commenced operations in 2013 WasteCo currently operates a diversified waste, refuse and industrial services business with operations in Christchurch, Ashburton, Timaru, Oamaru, Dunedin and Balclutha, through 6 subsidiaries. Members of the WasteCo group own and operates a range of business activities associated with: Environmental services, which comprise the following operations: Waste collection via front load bins, hook bins, skip bins and wheelie bins from both commercial and private customers. A large gantry collection operation in Christchurch. Road sweeping for Councils and commercial customers. WasteCo operates an extensive sweeping operation in the South Island. Waste sorting and diversion. WasteCo operates a 3,600 square metre dedicated sorting facility in Christchurch with a strong focus on diversion from landfill. WasteCo is currently achieving global diversion in excess of 50% of waste away from the landfill. A new specialised facility for the collection and treatment of medical and quarantine waste, which has recently been implemented by WasteCo. Training services. WasteCo provides internal and external training courses, both to its own staff and to third party organisations. Industrial services, which comprise the following operations: High pressure water blasting, urgent spill response services, vacuum loading, septic tank cleaning and portaloos. These services are offered on a 24/7/365 basis. WasteCo is one of the largest providers of industrial services in the South Island. Port services. WasteCo provides maintenance, cleaning and auxiliary services to several ports and shipping companies in the South Island.
Market Data
$0.007
0.0%$7.7M
-0.8x
$-0.009
0.00%
-0.7%
Latest Earnings
WasteCo FY26 Annual Report release
29 May 2026
WasteCo Group Limited reported a disappointing FY26 result for the year ended 31 March 2026, with revenue growing 24.5% to NZD $70.2 million largely driven by acquisitions, while the net loss widened to NZD $12.35 million from NZD $9.9 million in FY25. Operating EBITDA improved modestly to NZD $5.85 million from NZD $4.64 million, but high debt financing costs, low asset utilisation, restructuring charges, and a NZD $1.75 million Health & Safety reset investment weighed heavily on the bottom line. The company enters FY27 with a new COO, planned debt reduction, and the NZD $40 million Ashburton District Council contract commencing October 2026, though significant operational and financial challenges remain. Key points: Revenue grew 24.5% to NZD $70.2 million, supported by acquisitions including Civic Waste (December 2024), providing nationwide service coverage.; Operating EBITDA increased to NZD $5.85 million from NZD $4.64 million in FY25, demonstrating some improvement in operating earnings.; Secured the NZD $40 million Ashburton District Council nine-year solid waste contract commencing October 2026, a significant long-term revenue addition.
Recent Announcements
WasteCo FY26 Annual Report release
WasteCo Group Limited reported a disappointing FY26 result for the year ended 31 March 2026, with revenue growing 24.5% to NZD $70.2 million largely driven by acquisitions, while the net loss widened to NZD $12.35 million from NZD $9.9 million in FY25. Operating EBITDA improved modestly to NZD $5.85 million from NZD $4.64 million, but high debt financing costs, low asset utilisation, restructuring charges, and a NZD $1.75 million Health & Safety reset investment weighed heavily on the bottom line. The company enters FY27 with a new COO, planned debt reduction, and the NZD $40 million Ashburton District Council contract commencing October 2026, though significant operational and financial challenges remain. Key points: Revenue grew 24.5% to NZD $70.2 million, supported by acquisitions including Civic Waste (December 2024), providing nationwide service coverage.; Operating EBITDA increased to NZD $5.85 million from NZD $4.64 million in FY25, demonstrating some improvement in operating earnings.; Secured the NZD $40 million Ashburton District Council nine-year solid waste contract commencing October 2026, a significant long-term revenue addition.
Director resignation
WasteCo Group Ltd announces the resignation of Director James Redmayne, effective 25 May 2026, after serving the company since its establishment in 2013 and through its 2022 public listing. The Board acknowledged his significant contribution and longstanding service to the company's growth and development.
Te Anau accident investigation
WasteCo has been charged by WorkSafe under the Health and Safety at Work Act 2015 in relation to a May 2025 fatality in Te Anau; the matter will proceed through the Court process while the company continues supporting those affected and implementing health and safety improvements.
Alternate Director resignation
Mr Rodney Malam has resigned as alternate director of WasteCo Group Limited (WCO), effective 1 May 2026. The Board expressed appreciation for his service to the company.
SPH Notice - Carl Storm, Dawn Storm and C & F Trustees
Carl Storm, Dawn Storm and C & F Trustees changed substantial holding from 12.930% to 11.620%.
Appointment of Independent Director - Neil McAra
WasteCo Group Limited (NZX: WCO) has appointed Neil McAra, a Chartered Accountant with over 30 years of business advisory and governance experience, as an Independent Director effective immediately.
Director resignation
Mr Shane Edmond has resigned from his position as director of WasteCo Group Limited (WCO), effective 28 February 2026. The company thanked him for his service and stated it will review board requirements before communicating any subsequent changes.
SPH Notice - Carl Stephen Storm
Carl Stephen Storm disclosed a change in substantial holding.
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