Slide 1: Half Year (1HFY26) Results
ASX Announcement 19 February 2026 Half Year (1HFY26) Results Improved Half-Year Performance Reflecting Operational Reset and Continued HTS Momentum Adrad Holdings Limited (ASX: AHL) today reports its results for the half-year ended 31 December 2025. Financial Performance For the half-year, the Group
Slide 2: Heat Transfer Solutions
Heat Transfer Solutions The Heat Transfer Solutions segment delivered a strong operating performance during the half-year, supported by growth in power generation projects, improving off-highway volumes and ongoing manufacturing efficiency initiatives. Segment revenue increased by 3.6% to $45.2 mill
Slide 3: Distribution, Dividend and Outlook
Distribution 1HFY26 1HFY25 Change $m $m $m % Revenue 32.2 33.3 (1.2) (3.5%) EBITDA from continuing operations 2.7 3.3 (0.6) (18.0%) Underlying EBITDA 2.8 3.3 (0.5) (14.0%) Dividend The Directors have declared a fully franked interim dividend of 1.45 cents per ordinary share, representing approximate
Slide 4: Authorised for release; Contacts
This announcement is authorised for release by the Board of Directors of Adrad Holdings Limited. Contacts CEO CFO and Investor Relations Paul Proctor Rod Hyslop investor@adrad.com.au For more information, please visit http://adradholdings.com.au/ 1. Underlying EBITDA presented on a post-AASB-16 basi
Slide 5: 1HFY26 Results Presentation
1HFY26 RESULTS PRESENTATION F e b r uVisit a r y Now 2026 adradholdings.com.au
Slide 6: Disclaimer
Disclaimer 2 This presentation is provided for information purposes only. The information in this “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions within presentation is in a summary form, does not purport to be complete and is not the meaning of securities laws of a
Slide 7: Our diversified business
Our diversified business Vision: 1st Choice for Industrial & Engine Cooling Solutions Two major segments servicing all aspects of the engine cooling market: HEAT TRANSFER SOLUTIONS (AIR RADIATORS) DISTRIBUTION (ADRAD) A vertically integrated designer and Importer and distributor of radiators manufac
Slide 8: Group Financial Highlights
1HFY26 Group Financial Highlights $77.4m $9.4m $3.4m $6.3m Revenue Underlying1 EBITDA Underlying1 NPAT Operating Cash flow2 0.6% 13.0% 20.0% underlying cash conversion ratio3: 80%; from 1HFY25 from underlying 1HFY25 from underlying 1HFY25 underlying 1HFY25: 123% $2.9m $1.06 3.4cps 1.45cps Net tangib
Slide 9: 1HFY26 Key take aways
1HFY26 Key take aways 1HFY26 Actions Impact and outlook Summary Implemented • Revenue of $77.4m, up 0.6% • Leadership structure is now lean • Profit margins improving as we • Underlying EBITDA of $9.4m, up and has been empowered operate more efficiently 13.0%, reflecting improved • Both operating se
Slide 10: 1HFY26
1HFY26
Slide 11: 1HFY26 - Group
1HFY26 - Group Underlying Statutory 1HFY26 1HFY25 Change 1HFY26 1HFY25 Change $m $m $m % $m $m $m % Revenue 77.4 76.9 0.4 0.6% 77.4 76.9 0.4 0.6% Earnings before interest, tax, depreciation and amortisation 9.4 8.4 1.1 13.0% 8.3 8.4 (0.0) (0.5%) from continuing operations 1 Net Profit after tax (NPA
Slide 12: Segment Performance - HTS
1HFY26 Segment Performance - HTS HTS 1HFY26 1HFY25 Change $m $m $m % HTS positioned across multiple structurally Revenue 45.2 43.6 1.6 3.6% growing end markets, reducing cyclicality and improving earnings visibility EBITDA from continuing operations 6.1 4.8 1.3 25.9% Underlying EBITDA 6.6 4.8 1.8 36
Slide 13: Segment Performance - HTS
1HFY26 Segment Performance - HTS 1HFY26 execution • Continued to build a pipeline of commercially attractive projects in power generation • Recently received an additional order (~$17m) for data centre units to be built in Lara and Gillman • Increased order book at the Lara site for data centre work
Slide 14: Segment Performance - Distribution
1HFY26 Segment Performance - Distribution Distribution 1HFY26 1HFY25 Change Distribution remains a strong cash generative platform $m $m $m % supporting Group growth investment Revenue 32.2 33.3 (1.2) (3.5%) EBITDA from continuing operations 2.7 3.3 (0.6) (18.0%) Margin expected to improve as suppli
Slide 15: Balance Sheet
Balance Sheet 31-Dec-25 30-Jun-25 Change $m $m $m % • Robust balance sheet supported by operating cash flows Cash 18.6 18.2 0.4 2.3% • Movement in contract assets reflects completion of data Trade and other receivables 21.6 22.0 (0.4) (1.8%) centre units Contract Assets 1.4 4.7 (3.3) (70.4%) Invento
Slide 16: Outlook
Outlook
Slide 17: Outlook
Outlook Following the completion of leadership and cost structure optimisation in 1HFY26, the Group is positioned to deliver profitable growth aligned with structural demand across its core HTS end markets. Key focus areas include: • Realising the full benefits of leadership and organisational restr
Slide 18: Thank you
Thank you
Slide 19: Appendices
Appendices
Slide 20: Profit from continuing operations bridge
Profit from continuing operations bridge Statutory profit from continuing operations 1HFY25 to 1HFY26: • Slightly lower 1HFY26 operating profit off 1% revenue growth and improved raw materials purchasing offset by non-recurring corporate restructuring costs. Underlying profit from continuing operati
Slide 21: Investor Relations
CONTACT US Investor Relations Investor@adrad.com.au