Alfabs Australia Limited (ASX: AAL) has released its FY26 results, highlighting a 11% increase in revenue to $105.7 million and significant progress in safety performance. The company reported 230 consecutive days without a lost-time injury and a 62% reduction in recordable injuries during the second half of FY26.
Material Actions and Disclosures
Alfabs reported an underlying EBITDA of $22.6 million and free cash flow of $5.7 million, unchanged from FY25 despite lower EBITDA. The company’s net debt reduced to $36.6 million in the second half of FY26, with leverage of 1.7x Underlying EBITDA, within the company’s target range.
The Mining division underpinned Group earnings, supported by a full year of production from the Malabar contract, high fleet utilisation, and improving hire rates. The Engineering division successfully navigated a softer infrastructure market while preserving capability, customer relationships, and strategic positioning for an eventual market recovery.
Forward Commitments
The company aims to declare a FY26 full year dividend in the coming months when Phase II of the debt restructuring is delivered. The dividend reinstatement update follows the resolution not to pay an interim dividend during 1H FY26 to retain capital and preserve flexibility to invest in the company’s near-term growth opportunities.