DGL Group Reports H1 FY26 Earnings Decline, Advances Strategic Projects
DGL Group's H1 FY26 earnings reflect a revenue drop of 5.8% to $225.2 million due to operational delays. Despite this, the company is advancing key projects, including a new liquid waste treatment plant and a plastic packaging recycling facility.
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DGL Group (ASX: DGL) reported H1 FY26 sales revenue of $225.2 million, down 5.8%, driven by reduced lead-acid battery recycling and asset impairments. Underlying EBITDA decreased by 5.0% to $24.7 million, while statutory NPAT showed a loss of $12.8 million from non-cash impairments.
Operating cash flow fell 42% to $10.5 million, with cash conversion dropping to 72%. However, net debt was reduced by $16.4 million to $78.2 million. DGL is pursuing strategic projects, including a new liquid waste treatment facility and a recycling plant in NSW, which are crucial for its future performance amid operational risks, such as driver shortages and project delays.
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