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Lindsay Australia Limited ( (AU:LAU) ) has issued an announcement.
Lindsay Australia reported a robust first half for FY26, with group revenue rising 24.8% to $540.3 million and underlying EBITDA up 16% to $66.4 million, driven by the first full-half contribution from SRT Logistics and GJ Freight, strong seasonal produce volumes and broader geographic diversification. Transport led growth on the back of increased volumes from dairy, protein and horticulture customers, while the Rural and Hunter businesses improved, supported by network expansion, packaging strength and early turnaround benefits, though margins were tempered by competitive pricing and higher operating costs.
The group tightened capital discipline, cutting its FY26 capex plan to $40 million–$45 million from $58.7 million as heavy property and expansion spending peaks, redeploying over $5 million of capital and realising about $1 million in annualised SRT cost synergies. Net leverage rose to 2.23x following acquisitions and front-loaded investment but is expected to ease in the second half as cash flow normalises, while a fully franked interim dividend of 2.1 cents per share and a 12.6% ROIC underscore a focus on shareholder returns and progress toward its mid-term return targets.
The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.
More about Lindsay Australia Limited
Lindsay Australia Limited is an integrated transport and rural services provider focused on the agribusiness and fresh produce sectors. The company operates freight and logistics networks, including recent additions SRT Logistics and GJ Freight, with a strong presence across Queensland, Western Australia and key east–west transport corridors.
Average Trading Volume: 576,904
Technical Sentiment Signal: Buy
Current Market Cap: A$255.6M
Learn more about LAU stock on TipRanks’ Stock Analysis page.