Gale Pacific CEO Presents FY26 Results at Annual General Meeting, Net Cash Reaches $8.2m

Anjali Anand

11 November 2026 12:32 PM AEDT

Gale Pacific CEO Presents FY26 Results at Annual General Meeting, Net Cash Reaches $8.2m

Image Source: Krish Capital Pty Ltd

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Gale Pacific Limited (ASX:GAP) Chief Executive Officer Troy Mortleman presented the company's FY26 results and Q1 FY27 update at the company's Annual General Meeting on 11 November 2026, disclosing revenue of $155.5 million, EBITDA of $12.3 million, and net cash of $8.2 million as at 30 September 2026.

Key Points

FY26 revenue of $155.5 million, down 9.6% on FY25, with EBITDA of $12.3 million, up from $12.0 million in the prior period
Net loss after tax of $2.9 million, improved from $5.2 million in FY25; EBITDA margin of 7.9%, up 0.9 percentage points
Operating cash flow of $21.4 million before lease payments; net cash position moved from $8.9 million net debt to $4.9 million net cash at 30 June 2026
Q1 FY27 net cash of $8.2 million at 30 September 2026, up from $4.9 million at 30 June 2026, with $3.5 million Q1 operating cash inflow generated after $1.9 million of lease payments

FY26 Full-Year Financial Results

According to the CEO presentation delivered at the Annual General Meeting, Gale Pacific reported FY26 revenue of $155.5 million, representing a 9.6% decline on FY25. Despite lower revenue, EBITDA rose to $12.3 million from $12.0 million in the prior corresponding period, with the EBITDA margin improving by 0.9 percentage points to 7.9%. The net loss after tax narrowed to $2.9 million from $5.2 million. The filing states operating cash flow of $21.4 million before lease payments, and the company's balance sheet moved from $8.9 million net debt to $4.9 million net cash by 30 June 2026.

FY26 Cost and Working Capital Initiatives

The filing disclosed a series of group-wide actions during FY26, including opex savings of $7.2 million, an inventory reduction of $8.6 million bringing closing inventory to $42.7 million, and a 24% reduction in workforce associated with a reset of the Americas operating model. The Americas reset delivered $3.1 million in FY26 cash savings. The filing states the workface reduction refocused the region on sales, marketing and distribution while reducing management and administrative complexity, with the group-wide efficiency initiatives described as preserving revenue-generating capability.

Q1 FY27 Financial Discipline and US Consumer Strategy

The CEO presentation disclosed that financial discipline continued into Q1 FY27, with net cash reaching $8.2 million at 30 September 2026, up from $4.9 million at 30 June 2026. Underlying operating costs were $1.8 million lower year-on-year in Q1 FY27, excluding a $1.0 million withholding tax on cash repatriated from China not incurred in the prior year. The filing also outlined a US consumer strategy involving broadening category participation at Lowe's and The Home Depot, widening assortments within existing categories, and building a new Menards customer relationship, with Gale Pacific's products distributed across 42 countries.

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