Ashley Services Group Ltd. · ASX:ASH
Ashley Services — H1 FY2026 Earnings Presentation
9 slides from Ashley Services's earnings presentation, Feb 19, 2026
Slide 1: Results Presentation – Six months ended 31 December 2025 ("1H26")
Labour Hire Technical Services Training Technology Results Presentation – Six months ended 31 December 2025 (“1H26”) Thursday 19th February 2026 1
Slide 2: H1. Record Revenue. Improved profits and cash flow.
H1. Record Revenue. Improved profits and cash flow. Dividend declared of 1.4 cents per share. ▪ Revenue at $308.2m, a record for H1,up $42m or 16% from prior period. ▪ EBITDA of $7.6m, up $2.2m (41%) for the half. ▪ NPAT of $3.4m for H1, up $1.6m (88%) from H125. ▪ Operating cash flow of $0.8m, soli
Slide 3: Group performance trends
Group performance trends REVENUE FY20 - FY25 + H1FY20 - H1FY26 EBITDA FY20 - FY25 + H1FY20 - H1FY26 600.0 25.0 549.2 556.5 515.9 500.0 20.1 449.8 20.0 18.7 400.0 383.7 15.2 15.0 336.8 300.0 11.9 9.7 10.0 8.7 200.0 290.8 308.2 10.3 262.4 266.2 5.0 9.3 100.0 219.8 6.8 8.1 7.6 183.4 186.0 6.1 5.4 0.0 0
Slide 4: Performance trends – Labour Hire
Performance trends – Labour Hire ▪ Labour Hire H1 revenue up $41.7m (16%) on pcp Labour Hire Revenue FY20 - FY25 + H1FY20 - H1FY26 ▪ Contract wins - supply chain, manufacturing, retail 600.0 533.2 538.3 - overall hours worked in these sectors up 5% 500.0 500.7 438.2 from pcp 400.0 374.0 ▪ Horticultu
Slide 5: Performance trends – Training
Performance trends – Training Training Revenue FY20 - FY25 + H1FY20 - H1FY26 20.0 ▪ Training H1 revenue up $0.3m (4%) on pcp 18.0 18.2 16.0 16.0 15.2 14.0 ▪ Growth in traditional ASH training in Victoria 12.0 11.5 10.0 9.7 and QLD 8.0 7.3 6.0 4.0 9.5 8.5 7.4 8.2 5.9 ▪ Growth in public rail related c
Slide 6: Balance Sheet
Balance Sheet Audited Audited Audited Audited Audited Audited $ million $ million 31 Dec 25 31 Dec 24 30 Jun 25 31 Dec 25 31 Dec 24 30 Jun 25 Assets Liabilities Current assets Current liabilities Cash and cash equivalents 0.3 0.3 0.1 Trade and other payables 36.2 30.5 34.8 Trade and other receivable
Slide 7: Cashflow
Cashflow Audited Audited $ million H1 FY26 H1 FY25 EBITDA 7.6 5.4 ▪ Working capital increase due Change in working capital (4.9) (5.0) to revenue increases. Net interest/tax received / (paid) (1.9) (2.6) Other 0.0 0.0 ▪ Final payments for Net Cash from operating activities 0.8 (2.2) businesses acqui
Slide 8: Business Overview
Business Overview As at 31 December 2025 or as otherwise stated (compared to 31 December 2024) 287 Internal Staff down 5 or 1.7% 25 Offices unchanged Peak weekly workers 7,777 Up 654 or 9.2% from prior peak period 5 7 1 Years Tenure Top 20 Customers 7.8 Reduced following recent contract and customer
Slide 9: Notice and Disclaimer
Notice and Disclaimer Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 19 February 2026 (“Presentation Date”). No financial advice: The information in this presentation does not constitu
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