Australia’s vertically integrated energy and carbon abatement provider LGI Limited (ASX: LGI) reported FY26 results showing a 17% year-over-year increase in net revenue to $39.8 million, alongside a record underlying EBITDA of $21.8 million and an EBITDA margin of 55%, up 356 basis points from the prior year.
The company’s net profit after tax rose 35% to $8.8 million, while operating cash flow declined 31% to $8.4 million. LGI’s capital expenditure totaled $24.8 million, up from $18.5 million a year earlier, driven by project development and the installation of pipework across eight new sites. Total assets expanded to $137.0 million, with liabilities reduced to $18.0 million following the repayment of $28.6 million in debt.
Revenue growth was supported by a 30% increase in net ACCU revenue to $18.7 million, now accounting for 47% of total net revenue. Electricity revenue rose 4% to $13.7 million, while LGC revenue surged 40% to $5.4 million. LGI achieved a realized electricity price of $97.28 per megawatt-hour, a 35% premium to the AEMO average, and an LGC price of $38.19, a 459% premium to the spot market average of $6.83.
Operational metrics reflected expansion, with biogas recovery reaching 170.2 million cubic meters, up 33% year-over-year, and renewable electricity generation increasing 29% to 140,841 megawatt-hours. Generator availability remained strong at 97%, while ACCU creation volumes grew 18% to 584,191 units.
LGI declared a fully franked final dividend of 1.35 cents per share, bringing the total FY26 dividend to 2.60 cents per share, a 4% increase from the prior year. The company reaffirmed its guidance for ACCU volume growth of approximately 10% annually over the next three years.
