Coventry Group - unaudited Q4 FY26 sales A$98.5 mln, up 11.7% QoQ and 6% YoY

Coventry Group Ltd (ASX: CYG) reported unaudited Q4 FY26 sales of A$98.5 million, representing an 11.7% increase quarter-over-quarter and a 6% rise year-over-year. This follows a total revenue of A$187.4 million for the first half of FY26, which reflects a 4.2% increase compared to the second half of FY25 and a 1.5% increase from the same period in FY25. The company attributed the growth to organic expansion and operational improvements.

Despite the revenue increase, EBITDA before significant items for 1H FY26 was reported at $3.2 million, a 33.3% increase from 2H FY25 but a 67.7% decline compared to 1H FY25. Underlying EBIT fell to $0.5 million from $7.8 million in the prior year period. A statutory net loss of $9.7 million was recorded, primarily due to $6 million in non-cash adjustments from changes in accounting estimates.

The company has implemented cost reduction initiatives, achieving $5.1 million in annualised savings in 1H FY26, with a target of $10 million for the full fiscal year. Coventry Group is also conducting a strategic review of its portfolio following unsolicited third-party approaches. The company expects continued momentum and improved financial performance in the second half of FY26.