MyEco Group Posts Record MyEcoBag Sales and Positions for NSW Organics Mandate

SECOS Group Ltd ( (AU:MCO) ) has issued an update.

MyEco Group reported record quarterly MyEcoBag sales of A$1.7 million in Q2 FY26, helping lift total quarterly revenue to A$4.0 million, up 7.4% quarter-on-quarter despite a slight 1.0% decline on the prior corresponding period due to timing of council customer orders now expected in Q3. First-half FY26 sales were broadly flat at A$7.7 million, but the company reinforced its leading position in Australian retail with MyEcoBag sales in Australia rising 50.2% quarter-on-quarter and 24.5% year-on-year, a 39% market share at Coles and 63% at Woolworths, and strong 20.5% growth in the council and waste channel, while managing softer U.S. demand affected by tariff changes and seeking growth via white-label contracts and new international distribution. Against this backdrop, MyEco Group is expanding its sustainable product range in Australian retail and ramping up sales and marketing ahead of the 1 July 2026 New South Wales mandate for organic waste separation, positioning the company to capture a potentially large new market for compostable bags across supermarkets, institutions and hospitality businesses.

More about SECOS Group Ltd

MyEco Group Ltd (ASX: MCO) is a developer and manufacturer of sustainable packaging and materials, best known for its compostable MyEcoBag-branded bin liners, kitchen caddies and carry bags. The company is a category leader in compostable bin liners and kitchen caddies at major Australian supermarkets Coles and Woolworths, where it holds significant market share, and is expanding its presence through independent distributors domestically while targeting big-box retail opportunities in markets such as Mexico and Canada to diversify away from U.S. tariff-related uncertainty.

Average Trading Volume: 114,476

Technical Sentiment Signal: Sell

Current Market Cap: A$7.85M

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