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Cleanaway Waste Management ( (AU:CWY) ) has shared an announcement.
Cleanaway Waste Management reported a strong first half for FY26, with gross revenue up 13.7% to $2.21 billion and net revenue up 13.0% to $1.88 billion, driven by solid growth in its Solid Waste Services segment and the contribution from the Contract Resources acquisition. While statutory EBIT fell 21.2% to $137.2 million due to $91 million of significant, non-recurring items, underlying EBIT rose 16.9% to $228.2 million, lifting the underlying EBIT margin to 12.2% and supporting a 19.6% increase in the fully franked interim dividend to 3.35 cents per share.
The company upgraded its FY26 underlying EBIT guidance to a range of $480 million to $500 million, reflecting a robust first-half performance and a strong outlook. Cleanaway also advanced key safety and efficiency initiatives, including AI-enabled pedestrian detection and in-vehicle monitoring across about 3,500 collection vehicles, signalling continued investment in operational risk reduction and fleet transformation that underpins its improving returns and industry positioning.
The most recent analyst rating on (AU:CWY) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cleanaway Waste Management stock, see the AU:CWY Stock Forecast page.
More about Cleanaway Waste Management
Cleanaway Waste Management is Australia’s leading sustainable waste management, industrial and environmental services company, operating more than 350 locations across Australia, New Zealand and the Middle East. It runs the country’s largest waste and industrial services fleet, supported by recycling facilities, transfer stations, engineered landfills, liquid treatment plants and refineries, with over 10,000 employees focused on enabling a more sustainable future.
Average Trading Volume: 5,633,310
Technical Sentiment Signal: Hold
Current Market Cap: A$5.35B
See more insights into CWY stock on TipRanks’ Stock Analysis page.