Ansell (ASX:ANN) Reports FY26 Growth with Elevated Margins and Capital Returns

Aditi Sarkar

27 August 2026 08:20 PM AEST

Ansell (ASX:ANN) Reports FY26 Growth with Elevated Margins and Capital Returns

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Highlights

Ansell (ASX:ANN) delivered FY26 adjusted Earnings Per Share of US148.6 cents, reaching the top end of guidance.
Adjusted EBIT Margin improved to 15.0% from 14.1%, supported by pricing and productivity initiatives.
Cash conversion increased to 113%, while net Debt reduced to around 1.3 times EBITDA.
The company expanded its Capital return program after repurchasing approximately US$118 million of shares during FY26.

Ansell (ASX:ANN) has reported its FY26 financial results, highlighting stronger margins, improved earnings delivery and continued progress in strengthening its balance sheet.

The protective equipment manufacturer recorded improved operating performance during the year, supported by pricing discipline, productivity initiatives and benefits from its expanded Business platform following the Acquisition of Kimberly-Clark’s personal protective equipment operations.

FY26 Performance

Ansell reported adjusted net sales growth of 5.7% for FY26, with momentum improving in the second half as sales increased 9.2%.

Adjusted EBIT margin expanded to 15.0%, compared with 14.1% in the previous year, reflecting improved operational efficiency and stronger profitability.

Adjusted earnings per share reached US148.6 cents, representing organic growth of approximately 18.5% and landing at the upper end of the company’s guidance range of US137 to US149 cents.

The result reflected progress in rebuilding earnings momentum following a period impacted by post-pandemic Demand normalisation and integration activities.

Capital Returns

Shareholder returns remained a key focus during FY26.

Ansell repurchased approximately US$118 million of shares during the year and increased its full-year Dividend by 35.7% to US68.10 cents per share, compared with US50.20 cents in FY25.

The company also indicated an expanded buyback program, supported by improved cash generation and confidence in its financial position.

Cash Flow Strength

Ansell delivered stronger cash conversion during FY26, with cash conversion improving to 113% from 91%.

The improvement reflected stronger earnings quality and better Working Capital outcomes.

The company reduced net debt to approximately 1.3 times EBITDA, compared with around 1.6 times previously.

Lower Leverage provides greater flexibility to continue investing in the business while supporting dividends and capital returns.

Growth Drivers

Ansell’s FY26 performance was supported by pricing initiatives, productivity improvements and benefits from its expanded product portfolio.

The company generated approximately US$50 million in annualised savings through its productivity program.

Its leading brands remain an important competitive advantage, with the company’s top five brands contributing approximately 58% of sales.

Management expects continued benefits from pricing, Volume growth and operational improvements to support future earnings.

FY27 Outlook

Ansell expects adjusted earnings per share of US158 cents to US170 cents for FY27.

The guidance is supported by continued pricing benefits, further volume growth and an expected foreign exchange benefit of approximately US$9 million.

The company expects Capital Expenditure of around US$48.6 million during FY27 as it continues investing across its operations.

Risks Ahead

Despite improved results, Ansell continues to operate in competitive global markets.

Key risks include raw material price volatility, changes in trade policies, currency movements and competition from lower-cost manufacturers.

The company also remains exposed to changes in healthcare demand patterns and the pace of earnings improvement following recent operational improvements.

Maintaining the improved margins and converting FY27 guidance into delivered results will remain important factors for investor confidence.

Outlook

Ansell enters FY27 with improved profitability, stronger cash generation and a healthier balance sheet.

The company’s focus remains on sustaining margin improvement, delivering further productivity benefits and executing its capital return strategy.

Investors will continue monitoring earnings delivery, demand trends, integration progress and the sustainability of recent operational improvements.

FAQs

Q: What was Ansell’s FY26 adjusted EPS?

A:Ansell reported adjusted EPS of US148.6 cents.

Q: How did Ansell’s EBIT margin change in FY26?

A:Adjusted EBIT margin improved to 15.0% from 14.1%.

Q: How much did Ansell spend on share buybacks?

A:Ansell repurchased approximately US$118 million of shares during FY26.

Q: What is Ansell’s FY27 EPS guidance?

A:The company expects adjusted EPS of US158 cents to US170 cents.

Q: What are Ansell’s key growth drivers?

A:Pricing, productivity improvements, volume growth and operational efficiencies are key drivers.

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