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The latest update is out from Avada Group Limited ( (AU:AVD) ).
Avada Group reported an 11% rise in operating revenue to $101.5 million for the first half of FY26, driven by strong growth in Queensland and New South Wales and resilient demand for traffic management services. Despite this, the company posted a statutory loss after tax of $16.5 million, largely due to a $15 million non-cash impairment of its Victorian business and a $0.6 million provision for legacy receivables.
Adjusted EBITDA improved to $7.1 million as early benefits flowed from Avada’s business transformation, including tighter labour and fleet utilisation and cost controls, with further gains expected in the second half. The group is reshaping its portfolio by shifting resources away from challenging unionised Victorian contracts toward more favourable regional markets, while optimising its New Zealand operations under a new management team.
Operational capability is being strengthened through leadership appointments, enhanced business development resources in Queensland and Victoria, and continued IT systems upgrades following a group-wide ERP rollout. Avada’s refinancing process is progressing with multiple offers under consideration, and the board expects transformation initiatives, margin improvements and a strong work pipeline to support better outcomes over the remainder of FY26.
As part of a structured succession plan, founder and Managing Director Dan Crowley will move into an Executive Director and Founder role over the next year, remaining actively involved and mentoring the next generation of leaders. The company continues to position itself as a partner of choice for government and private clients by emphasising safety, governance and public accountability, which it sees as a key competitive advantage in securing contracts.
The most recent analyst rating on (AU:AVD) stock is a Sell with a A$0.11 price target. To see the full list of analyst forecasts on Avada Group Limited stock, see the AU:AVD Stock Forecast page.
More about Avada Group Limited
Avada Group Limited is a leading traffic management operator listed on the ASX, providing essential traffic control services primarily to government and private sector infrastructure projects. The company has a strong presence in Queensland and New South Wales, with additional operations in Victoria and New Zealand, and benefits from major infrastructure investment pipelines, including projects linked to the Brisbane 2032 Olympic and Paralympic Games.
Average Trading Volume: 11,792
Technical Sentiment Signal: Sell
Current Market Cap: A$10.62M
See more insights into AVD stock on TipRanks’ Stock Analysis page.