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Highlights

  • CWY reported a 4.6% YoY increase in H1FY25 revenue, and NPAT rose 13.7% YoY.
  • The company has recently received ACCC approval for Contract Resources acquisition on 4 July 2025.
  • CWY expects FY25 EBIT between AUD 395–425 million, targets over AUD 450 million in FY26.

Cleanaway Waste Management Limited (ASX:CWY) is an ASX-listed waste management company operating a national network of processing, collection, landfill and treatment assets across multiple segments.

In the first half of the financial year 2025 (H1FY25), the company’s net revenue grew by 4.6% YoY to AUD 1,659.4 million, up from AUD 1,587.1 million in H1FY24, primarily driven by increased sales volumes and effective price management. EBITDA for the period rose by 5.1% YoY to AUD 362.1 million, while underlying net profit after tax (NPAT) surged by 13.7% YoY to AUD 94.0 million in H1FY25.

Business Update

On 4 July 2025, CWY informed that the Australian Competition and Consumer Commission (ACCC) has approved the acquisition of Contract Resources.

Company Outlook

Cleanaway anticipates achieving its third straight year of underlying double-digit EBIT growth in FY25, with results currently trending around the midpoint of its AUD 395–425 million forecast range. Management anticipates higher EBIT in H2FY25 compared to the prior half and targets over AUD 450 million in FY26.

Growth Prospects of Waste Management Stocks

In May 2025, Australia’s business turnover declined by 0.1% month-on-month, marking the first drop since 2024, according to seasonally adjusted data released by the Australian Bureau of Statistics on 10 July 2025. The sharpest fall was seen in the Arts and Recreation Services sector, down 5.5%, primarily due to an 11.2% drop in the Gambling activities subdivision.

However, seven out of 13 industries recorded sequential growth, with the Electricity, Gas, Water and Waste Services sector leading the gains with a 1.7% rise. These trends point to encouraging momentum for Waste Management stocks.

On the flip side, the sectors face notable risks. Waste management companies are navigating complex and potentially costly environmental laws and compliance demands. Additionally, regulatory oversight by the ACCC on pricing, mergers, and data privacy could influence corporate strategies.

Share performance of CWY

CWY shares dropped 0.69% to AUD 2.860 on 14 July 2025. The stock has advanced 1.42% over the past week, 5.54% over one month and 10.00% in the past three months. Year-to-date, Cleanaway Waste Management shares are up 7.92%.

The stock is currently trading just 4.98% below its 52-week high of AUD 3.010, which was reached on 16 August 2024, while the 52-week low stands at AUD 2.470, hit on 6 March 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 14 July 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.