Boom Logistics (ASX: BOL): Crane Hire Stock Near Highs

Aditi Sarkar

29 July 2026 10:45 PM AEST

Boom Logistics (ASX: BOL): Crane Hire Stock Near Highs

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Key Highlights

The stock last changed hands around A$2.01, having climbed roughly 43% over the preceding twelve months to sit near the upper end of a trading band of about A$1.24 to A$2.07.
That leaves the company with a market capitalisation of around A$74 million on approximately 37 million shares on issue.
According to secondary reporting, Boom's chief executive was stood down around September 2025 following an internal investigation into the alleged misuse of company resources, said to involve close to A$1 million of personal spending.
On the capital side, the share count has drifted lower — from roughly 42 million a year ago to about 37 million — consistent with an on-market buyback quietly reducing the register.

Australia's largest crane-hire operator has rerated sharply over the past year, but a leadership scandal and shrinking first-half margins complicate the story for Boom Logistics (ASX: BOL) investors.

Company Overview

Boom Logistics describes itself as Australia's largest supplier of crane-hire services, operating the country's biggest crane fleet alongside travel towers, access equipment and heavy-haulage capability. The model is essentially asset-based services: the company owns and maintains specialised lifting equipment and hires it out, typically with operators and engineering support, on projects that require complex or heavy lifts.

Recent Developments

The most significant corporate development is a governance one. According to secondary reporting, Boom's chief executive was stood down around September 2025 following an internal investigation into the alleged misuse of company resources, said to involve close to A$1 million of personal spending. Readers should note this account is drawn from press and data-provider summaries rather than a primary company release verified here, and the board's full findings and remediation steps could not be independently confirmed for this piece.

Financial and Operational Snapshot

The headline financials tell a story of two speeds. For the year ended 30 June 2025 (FY2025), Boom reported revenue of about A$264.5 million, up roughly 2% on the prior year, with EBITDA near A$30 million and reported net profit after tax (NPAT) of about A$23.3 million. That statutory profit represented a very large percentage increase, though much of the optical jump reflects a weak prior-year comparative rather than a step-change in trading, and the split between underlying and one-off items could not be fully…

What May Be Watched Next

The bullish case rests on operating leverage. If revenue momentum from the first half continues while cost pressures ease, margins could recover and drive earnings back up. Continued buybacks would further concentrate any recovery across fewer shares. Fresh, stable leadership and a clean full-year result would also help rebuild confidence. These are forward-looking possibilities, not forecasts, and no earnings guidance is asserted here.

Key Risks

The risks are real. Margin compression in 1H FY2026 shows the model is exposed to cost inflation and pricing. The leadership episode raises governance questions and management-continuity risk. The business is cyclical and capital-intensive, meaning fleet spending and utilisation swings can move earnings sharply. Liquidity is limited at this size, and mixed insider activity offers no clear signal.

What does Boom Logistics (ASX do?

What is the latest development?

What financial or operational point stands out?

The headline financials tell a story of two speeds. For the year ended 30 June 2025 (FY2025), Boom reported revenue of about A$264.5 million, up roughly 2% on the prior year, with EBITDA near A$30…

What may be watched next?

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