Environmental Group Limited Faces EBITDA Adjustment Amid Project Overruns

Environmental Group Limited (AU:EGL) has released an update.

The Environmental Group Limited (ASX: EGL) anticipates a lower-than-expected increase in FY25 Normalised EBITDA, now projected at 10-15% over FY24, due to cost overruns in a gas turbine project in Singapore. Despite this setback, the company reports strong revenue performance across its business units, reflecting its robust operations in environmental solutions. The company is conducting a review to prevent future issues and maintain its growth trajectory.

For further insights into AU:EGL stock, check out TipRanks’ Stock Analysis page.