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DGL Group Limited ( (AU:DGL) ) just unveiled an update.
DGL Group Limited, a key player in chemical logistics and services across Australia, New Zealand and beyond, supports customers by formulating and manufacturing hazardous chemicals and managing their storage, transport, and safe disposal or recycling. Its integrated offering targets essential industries that rely on stringent safety, regulatory compliance, and specialised handling capabilities.
The company has executed a new finance facility of up to $120 million with ScotPac Business Finance, replacing its previous ANZ-led syndicated facility that was due to mature in March 2027. The new arrangement, which extends debt maturity to March 2028, is expected to provide greater funding flexibility and free up working capital, aligning with DGL’s ongoing management restructure and consolidation program as it seeks to maintain a strong balance sheet and support its next phase of growth.
The most recent analyst rating on (AU:DGL) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on DGL Group Limited stock, see the AU:DGL Stock Forecast page.
More about DGL Group Limited
DGL Group Limited is a leading supplier of chemical logistics and services to essential industries in Australia, New Zealand and other markets. The company provides formulation and manufacturing of hazardous and reactive chemicals, along with warehousing, distribution, and end-of-life disposal or recycling through a highly licensed transport and warehouse network.
Technical Sentiment Signal: Buy
Current Market Cap: A$152.6M
Find detailed analytics on DGL stock on TipRanks’ Stock Analysis page.