Sybrandt van Dyk
CEO, MD & Executive Director
Good morning, everyone, and thank you for joining Austin Engineering’s investor briefing for the full year results for financial year 2026. Together with me is Austin’s Chief Financial Officer, David Bonomini. We will take you through the presentation released to the ASX this morning and then open for questions at the end.
Turning to Slide 3. I will begin with an overview of the results. David will then run through the financials, and I will return to discuss regional performance, operational priorities and our outlook and guidance for 2027. Then we will move into the Q&A at the end. Unless otherwise stated, financial year ’26 and ’25 financial performance measures exclude foreign exchange movements and relate to continuing operations. Cash flow measures include both continuing and discontinuing operations.
If I then could move on to Slide 7 for the results overview. FY ’26 was a challenging and disappointing year for Austin. Operational issues across North America, South America and Indonesia weighed on earnings. Importantly, these issues were operational in nature and within our control. During FY ’26, we took decisive action to address them, strengthening operational discipline and positioning the business for improved performance. Group revenue for the full year was $329 million, down 12.7% on the prior year. This reflected softer tray volumes across North America and APAC, together with the impact of the loss-making legacy OEM contract in South America. These pressures were partly offset by continued growth in Australian buckets and spare parts.
Group EBITDA was $20.4 million, down from $43 million in FY ’25. The decline was driven by a $9.3 million loss