Emeco Holdings Ltd (FRA:E3A)

Full Year 2026 Emeco Holdings Ltd Earnings Call Transcript

Aug 19, 2026 / 12:30 AM GMT

Release Date Price: €0.645 (+0.78%)

Transcript

Key Points

Positve

Operating NPAT increased by 5% and operating EBIT grew 2% to $148 million, with strong cash generation of $114.5 million.
Maintenance services revenue grew 15% year-on-year, with on-site maintenance up 44%, now accounting for approximately half of gross revenue.
Balance sheet strengthened with net leverage reduced to 0.43 times, net debt down $67.8 million to $127.1 million, and a successful refinancing extended debt maturity to 2030.
Return on capital improved by 30 basis points to 16.9%, with a clear path to achieving the 20% ROC target in FY28.
Board approved an on-market share buyback of up to 10% of shares, reflecting confidence in cash generation and commitment to shareholder returns.
Secured redeployment opportunities for a material portion of the fleet, with utilization forecast to recover to 90% for surface and 80% for underground by end of FY27.
First-mover advantage in battery electric vehicle services through the Fortescue and XCMG program, with 110 assets expected by early 2029.

Negative

FY27 earnings expected to be in line with FY26, with a weighting to the second half, indicating limited near-term growth.
Second-half fleet utilization was impacted by fuel supply and cost concerns and extended wet weather in Queensland, reducing rental revenue.
External revenue for the Force segment declined 8% to $156 million, as capacity was redirected to internal rebuild works.
One lost time injury was recorded during the year, highlighting ongoing safety challenges despite overall improvement.
Depreciation expense reduced, but this was partly due to lower-than-expected depreciation, which may not be sustainable.
Operating cash flow included timing benefits from sale and leaseback financing, interest payment timing, and debt facility costs, which are not sustainable.
The company faces execution risk in achieving the FY28 20% ROC target, which depends on successful utilization recovery and maintenance growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EHL.AX - Emeco Holdings Ltd
Full Year 2026 Emeco Holdings Ltd Earnings Call
Aug 20, 2026 / 12:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by, and welcome to the EMCO Holdings limited full year results. All participants are in listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your 12-1 keypad. For our webcast viewers, the presentation slides can be advanced on the right side of the webcast player.

I would now like to hand the conference over to Mr. Ian Testro, CEO and Managing Director. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.