Highlights

  • FY26 net Revenue reached AUD 3,736.7 million, up 13.1%.
  • Underlying EBIT rose 14.2% to AUD 470.2 million, while statutory EBIT declined 12.2%.
  • Free Cash Flow increased 63.7% to AUD 213.8 million.

Cleanaway Waste Management Limited (ASX:CWY) was trading at AUD 3.00, unchanged at the 28 October 2026 quotation. The company’s reported results and operating disclosures cover the financial performance, Business activities and other corporate measures described below.

Revenue and underlying performance

Cleanaway reported FY26 gross revenue of AUD 4,371.3 million, up 13.5%, and net revenue of AUD 3,736.7 million, up 13.1%. The company said its acquisitions of Contract Resources and Citywide Waste contributed AUD 319.8 million and AUD 103.3 million in revenue, respectively. Underlying EBITDA increased 12.8% to AUD 892.6 million, and underlying EBIT rose 14.2% to AUD 470.2 million. Its underlying EBIT Margin improved from 12.5% to 12.6%.

Statutory results and significant items

Statutory EBIT declined 12.2% to AUD 310.6 million from AUD 353.7 million in FY25. Statutory net profit after tax attributable to ordinary shareholders decreased 37.2% to AUD 98.5 million. The FY26 results included significant and non-recurring items, including impairments relating to construction and demolition Assets and an Investment in Circular Plastics Australia. Underlying net profit after tax rose 13.6% to AUD 223.1 million, compared with AUD 196.4 million in FY25.

Solid Waste and other operations

Solid Waste Services delivered FY26 net revenue of AUD 2,506.4 million, up 6.4%, and underlying EBIT of AUD 405.0 million, up 9.1%. Its EBIT margin increased 40 basis points to 16.2%. Within Oils and Technical Services and Health Services, net revenue decreased 1.2% to AUD 676.0 million and EBIT decreased 10.7% to AUD 75.1 million. The company cited differing trading conditions across its operations and the contribution from the Contract Resources acquisition.

Cash flow, distribution and outlook

Free cash flow increased 63.7% to AUD 213.8 million from AUD 130.6 million. Cleanaway reported a AUD 40.2 million benefit from improved fleet payment terms and total capital expenditure, including non-cash leases, of AUD 374.3 million. It declared a fully franked final Dividend of 3.5 cents per share, bringing FY26 dividends to 6.85 cents, up 14.2%. The company provided FY27 guidance for underlying EBIT of AUD 500 million to AUD 530 million.