Highlights

  • Shine Justice (ASX:SHJ) reported FY26 Revenue of $209.2 million, up 2.3% on the prior corresponding period.
  • EBITDA increased 7.0% to $31.7 million, while net profit after tax rose to $6.7 million.
  • The company declared a fully franked final Dividend of 2.5 cents per share.
  • Personal injury revenue increased 8.8% to $180.9 million, supported by higher legal work and client settlements.
  • Shine Justice traded at AUD 0.63, up 6.78% during the morning session on 28 August 2026.

Shine Justice Ltd (ASX:SHJ) has released its FY26 financial results, reporting higher revenue, improved earnings, stable Operating Cash Flow and a return to profitability. The company said the result reflected growth across personal injury and class action segments, higher fees billed and controlled cost management.

During the morning session on 28 August 2026, Shine Justice (ASX:SHJ) was trading at AUD 0.63, up 6.78%. The stock remains down 11.27% over the past year.

Financial Results

Shine Justice reported revenue of $209.2 million for FY26, increasing by $4.8 million or 2.3% from $204.4 million in the prior corresponding period.

EBITDA increased to $31.7 million, up $2.0 million or 7.0% compared with $29.7 million in the prior corresponding period. The result included a $13.0 million impact from revenue constraint increases and disbursement write-downs related to a legacy class action.

Net profit after tax increased to $6.7 million, compared with the prior corresponding period, while basic Earnings per share rose to 5.74 cents from 0.33 cents.

Operating cash flow remained stable at $19.0 million compared with $19.5 million in FY25. The company also declared a fully franked final dividend of 2.5 cents per share.

Personal Injury

The personal injury segment was a key contributor to FY26 performance, with revenue increasing by $14.6 million or 8.8% to $180.9 million. EBITDA from the segment increased by $5.7 million or 18.4% to $36.6 million.

The company said growth was supported by a focus on legal work per fee earner, which increased 7.7% compared with the prior year. Employee voluntary turnover also reduced during the year, while fee write-offs declined.

Fees billed within the personal injury segment increased 3.1% year-on-year, with more than 4,000 personal injury clients settling damages claims during FY26. Total damages delivered to personal injury clients exceeded $800 million.

During the year, Shine Justice expanded its client reach through new permanent and visited offices in Coffs Harbour NSW, Mandurah WA and Springfield Central in Queensland.

Class Actions

Shine Justice’s class actions segment progressed several matters during FY26, including settlements, trial preparation and investigations.

The company highlighted settlement outcomes including the EML Payments and Colonial First State matters, which collectively secured more than $177 million in damages. It also achieved the first class action settlement for Shine in New Zealand through the Hino Motors class action.

The class actions team also reached in-principle settlement agreements in several matters, including Amp Insurance, A2 Milk, CommInsure and KFC Rest Breaks actions.

The company reported a $13.0 million write-down in the class action segment following an unexpected interlocutory judgment on a matter and said it was considering an immediate appeal.

Capital Position

Shine Justice generated operating cash flow of $19.0 million during FY26. Cash and cash equivalents declined to $12.5 million from $18.1 million in the prior year, primarily reflecting Investment in work in progress, particularly within the class actions segment, and investment in emerging technologies.

Borrowings increased by $2.1 million to $73.7 million, with the company reporting $41.4 million of headroom and compliance with banking covenants at the reporting date.

During FY26, Shine Justice distributed $8.5 million of cash as dividends and declared a fully franked final dividend of 2.5 cents per share, payable on 14 October 2026.

FY27 Outlook

Shine Justice said its FY27 strategy will focus on expanding the personal injury segment through targeted legal work and file growth, while improving legal work efficiency, file quality and reducing aged work in progress.

The company also plans to continue sourcing, investigating and progressing class actions and international mass tort opportunities across Australia, New Zealand and Thailand.

Across both segments, Shine Justice expects to increase resources, use case management technologies and continue adopting emerging technologies. The company expects growth in profitability across personal injury and class actions segments in FY27, alongside increased group cash flow.

Investor Takeaway

Shine Justice’s FY26 update highlights a return to profit growth supported by higher revenue, improved EBITDA and progress across its legal services segments. Investors may continue watching personal injury growth, class action developments, technology investments and cash flow performance as the company enters FY27.