Boom Logistics Ltd posted a 37.6% increase in underlying net profit after tax to A$12.8 million in the 12 months to June 30, 2026, as revenue rose 2.4% to A$271 million.
Underlying earnings per share climbed 48.2% to A$0.329, while underlying EBITDA edged up 4% to A$53.3 million. Free cash flow surged 83% to A$18.3 million, and net operating cash flow rose 42% to A$52.8 million. The company reduced total debt to A$85 million from A$93 million and held A$24.7 million in cash.
Net gearing stood at approximately 40%, within the target range of 35%–45%, while the return on net assets improved to 9% from 6% in 2024. Gross profit margin remained robust at 72.7%, and the P/E ratio stood at 9.21.
Shares rose 3.9% to A$2.13, nearing the top of the 52-week range of A$1.24–A$2.38. Management executed a A$7 million on-market buyback in FY26 and plans up to A$7 million more in FY27, subject to board approval.
An unfranked dividend of A$0.0225 per share was declared for payment in September, up from A$0.02 per share in FY26. The company targets returning 40%–60% of prior-year NPAT to shareholders through dividends and buybacks.
Capital expenditure totaled A$16.7 million in FY26, with net CapEx projected between A$15 million and A$19 million in FY27. Boom operates 295 lifting assets across 17 Australian locations and maintains a value-weighted fleet age of 5.9 years.
Revenue was split 55% resources, 20% infrastructure and 25% renewables and industrials. Labor efficiency and asset utilization held steady at 86%, while the total recordable injury frequency rate improved to 2.0 per million hours worked.
CEO Lester Meyers highlighted improved earnings quality and cash generation, noting competitive advantages in transmission infrastructure. CFO Pieter Hendrik emphasized selectivity in project acceptance to prioritize safety and profitability.
