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The latest announcement is out from Boom Logistics Ltd ( (AU:BOL) ).
Boom Logistics reported an 8% rise in first-half FY26 revenue to $142.2 million, with underlying NPAT up 32% despite statutory profit being hit by a Clarke Creek incident and recovery of misused funds. Strong project activity in mining, infrastructure, and transmission lines, improved pricing, and higher fleet utilisation boosted underlying earnings and cash flow, while net capital expenditure fell sharply and gearing improved.
On the back of better fleet productivity, stronger margins from mining and energy contract renewals, and tight capital and labour discipline, the company upgraded its FY26 earnings guidance, forecasting higher statutory and underlying EPS. Boom also lifted its capital management target, aiming to return up to $6 million to shareholders in FY26, primarily via an expanded on-market share buyback, signalling confidence in its outlook and contract pipeline.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Boom Logistics Ltd stock, see the AU:BOL Stock Forecast page.
More about Boom Logistics Ltd
Boom Logistics Limited is an Australian diversified lifting and project logistics company, providing crane hire, heavy lifting, and specialised project logistics services. The group focuses on core sectors including mining, resources, infrastructure, energy, and transmission lines, positioning itself as a leading participant supported by long-term customer relationships and disciplined contract management.
Average Trading Volume: 47,411
Technical Sentiment Signal: Buy
Current Market Cap: A$64.16M
See more insights into BOL stock on TipRanks’ Stock Analysis page.