Highlights

  • FY26 sales were US$2,140.2 million, while adjusted EBIT reached US$321.9 million and the adjusted EBIT Margin was 15.0%.
  • Statutory net profit attributable to shareholders was US$208.6 million for the year ended 30 June 2026.
  • Net Debt stood at US$510.6 million, equal to 1.3 times adjusted EBITDA, while cash conversion was reported at 113%.
  • The final Dividend was 41.5 US cents per share, with total FY26 dividends of 68.1 US cents per share.
  • FY27 adjusted EPS guidance is 158-170 US cents, with volumes, pricing, tariffs, raw materials and currency among the key variables.

Ansell Limited (ASX:ANN) is a global provider of personal protection and safety solutions for healthcare, industrial and specialised markets in more than 100 countries. It designs, manufactures and markets protective gloves and clothing used in safety-critical workplaces. Its FY26 result showed higher Earnings and margins alongside continued integration activity, while FY27 guidance keeps the focus on execution and portfolio performance.

FY26 earnings and margin profile

For the year ended 30 June 2026, Ansell reported sales of US$2,140.2 million. Adjusted EBIT was US$321.9 million and the adjusted EBIT margin reached 15.0%. Statutory net profit attributable to shareholders was US$208.6 million, while adjusted Earnings Per Share were 148.6 US cents. Margins remain an important measure of how effectively the enlarged Business converts sales into earnings.

Healthcare generated sales of about US$1,192.9 million and an EBIT margin of 14.3%. Industrial recorded sales of about US$947.3 million and an EBIT margin of 18.0%. Because the divisions carry different margin profiles, product mix can materially influence group profitability.

Integration, cash conversion and balance sheet

Integration of the acquired personal protective equipment operations remained a central priority during FY26. The enlarged portfolio adds scale across industrial and scientific protection categories, but the benefit depends on customer retention, Manufacturing alignment and cost control. Integration progress therefore remains important for FY27.

Cash conversion was reported at 113%, while net debt stood at US$510.6 million, equivalent to 1.3 times adjusted EBITDA. The final dividend was 41.5 US cents per share and total FY26 dividends were 68.1 US cents per share. Capital allocation will continue to balance Shareholder returns, integration requirements and Investment needs.

Tariffs, Supply chains and FY27 guidance

Ansell's global supply network leaves earnings exposed to tariffs, logistics disruptions, raw-material costs and currency movements. During FY26, management used sourcing changes and pricing actions to manage these pressures. Tariff refunds disclosed for the year are not a recurring operating driver.

For FY27, Ansell guided to adjusted EPS of 158 to 170 US cents. Management expects constant-currency sales growth to be supported by volumes and pricing actions implemented during FY26. The guidance also incorporates foreign-exchange effects. Delivery will depend on end-market demand, the pace of integration, raw-material input costs, tariff settings and the company's ability to maintain service levels and manufacturing efficiency across its expanded network.

Key Insights

Ansell enters FY27 with a larger operating base, a 15.0% adjusted EBIT margin and Leverage of 1.3 times adjusted EBITDA. The central issue is whether integration benefits, pricing and operating discipline can support the guided adjusted EPS range while the company manages tariff, currency and input-cost variability. The next reporting period should provide clearer evidence on how much of the FY26 margin improvement can be sustained through the enlarged portfolio.