Is Cleanaway Waste Management Limiteds Strong 1H FY26 Result Driving Its 8.33% Share Price Jump?
Source: Kapitales Research
Highlights
• Cleanaway Waste Management Limited (ASX: CWY) shares rose nearly 8.33% at the time of writing, trading at AU$2.600 after gaining AU$0.200.
• Net revenue increased 13.0% to AU$1,875.3 million, with underlying EBIT up 16.9% to AU$228.2 million and margin expanding to 12.2%.
• FY26 underlying EBIT guidance upgraded to AU$480 million–AU$500 million, supported by organic growth and acquisition synergies.
Cleanaway Waste Management Limited (ASX: CWY) recorded a share price gain of nearly 8.33% at the time of writing, trading at AU$2.600 following an AU$0.200 rise during the session. The rally follows the company’s 1H FY26 results, which highlighted strong earnings growth, operational efficiency improvements, and upgraded full-year guidance.
1H FY26 Financial Performance
Net revenue for the half rose to AU$1,875.3 million, reflecting 13.0% growth compared to the prior corresponding period. Underlying EBIT increased 16.9% to AU$228.2 million, while the underlying EBIT margin improved to 12.2%, supported by pricing discipline, labour productivity initiatives, and fleet optimisation.
Underlying NPAT advanced 17.8% to AU$109.7 million. Statutory EBIT was AU$137.2 million, impacted by significant and non-recurring items during the period. Free cash flow totalled AU$74.2 million, reflecting higher tax and interest payments, as well as acquisition-related cash outflows.
Segment Performance
Solid Waste Services delivered EBIT growth of 11.0% to AU$196.7 million, supported by stable volumes and price realisation. Industrial Services recorded a significant uplift, with EBIT increasing by 164.2% to AU$28.8 million, driven by contributions from Contract Resources and early integration benefits. Environmental & Technical Solutions experienced softer earnings during the period.
Balance Sheet and Outlook
Net debt stood at AU$2,307.6 million, with a leverage ratio of 2.32x as at 31 December 2025. The Board declared a fully franked interim dividend of 3.35 cents per share, up 19.6% on the prior corresponding period.
Looking ahead, management upgraded FY26 underlying EBIT guidance to a range of AU$480 million to AU$500 million, reflecting confidence in continued organic growth, synergy realisation, and indirect cost reductions.
Single-Point Summary
Cleanaway’s nearly 8.33% share price rise at the time of writing reflects investor confidence in double-digit earnings growth, margin expansion, and upgraded FY26 guidance.
Note:
The data presented above is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Is Cleanaway Waste Management Limiteds Strong 1H FY26 Result Driving Its 8.33% Share Price Jump?
Highlights
• Cleanaway Waste Management Limited (ASX: CWY) shares rose nearly 8.33% at the time of writing, trading at AU$2.600 after gaining AU$0.200.
• Net revenue increased 13.0% to AU$1,875.3 million, with underlying EBIT up 16.9% to AU$228.2 million and margin expanding to 12.2%.
• FY26 underlying EBIT guidance upgraded to AU$480 million–AU$500 million, supported by organic growth and acquisition synergies.
Cleanaway Waste Management Limited (ASX: CWY) recorded a share price gain of nearly 8.33% at the time of writing, trading at AU$2.600 following an AU$0.200 rise during the session. The rally follows the company’s 1H FY26 results, which highlighted strong earnings growth, operational efficiency improvements, and upgraded full-year guidance.
1H FY26 Financial Performance
Net revenue for the half rose to AU$1,875.3 million, reflecting 13.0% growth compared to the prior corresponding period. Underlying EBIT increased 16.9% to AU$228.2 million, while the underlying EBIT margin improved to 12.2%, supported by pricing discipline, labour productivity initiatives, and fleet optimisation.
Underlying NPAT advanced 17.8% to AU$109.7 million. Statutory EBIT was AU$137.2 million, impacted by significant and non-recurring items during the period. Free cash flow totalled AU$74.2 million, reflecting higher tax and interest payments, as well as acquisition-related cash outflows.
Segment Performance
Solid Waste Services delivered EBIT growth of 11.0% to AU$196.7 million, supported by stable volumes and price realisation. Industrial Services recorded a significant uplift, with EBIT increasing by 164.2% to AU$28.8 million, driven by contributions from Contract Resources and early integration benefits. Environmental & Technical Solutions experienced softer earnings during the period.
Balance Sheet and Outlook
Net debt stood at AU$2,307.6 million, with a leverage ratio of 2.32x as at 31 December 2025. The Board declared a fully franked interim dividend of 3.35 cents per share, up 19.6% on the prior corresponding period.
Looking ahead, management upgraded FY26 underlying EBIT guidance to a range of AU$480 million to AU$500 million, reflecting confidence in continued organic growth, synergy realisation, and indirect cost reductions.
Single-Point Summary
Cleanaway’s nearly 8.33% share price rise at the time of writing reflects investor confidence in double-digit earnings growth, margin expansion, and upgraded FY26 guidance.
Note:
The data presented above is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au