WasteCo Group (WCO) H1 2026 earnings summary

Executive summary

• Revenue increased 43% year-over-year to NZ$35.7 million for the six months ended 30 September 2025, driven by growth across all service lines.

• Net loss after tax narrowed to NZ$5.0 million from NZ$5.5 million in the prior year period.

• Operating cash flow remained positive at NZ$2.9 million, though down slightly from NZ$3.1 million a year earlier.

• The group remains compliant with all bank covenants and has secured amendments to loan facilities to improve liquidity.

Financial highlights

• Revenue: NZ$35.7 million, up from NZ$25.0 million year-over-year.

• Net loss: NZ$5.0 million, improved from NZ$5.5 million loss year-over-year.

• Basic and diluted loss per share: NZ$0.0045, improved from NZ$0.0065.

• Cash at bank: NZ$2.7 million as of 30 September 2025, down from NZ$5.9 million at 31 March 2025.

• Net cash from operating activities: NZ$2.9 million, down from NZ$3.1 million year-over-year.

Outlook and guidance

• Directors expect continued operational existence and positive liquidity, supported by amended loan facilities and undrawn bank lines.

• Monthly loan repayments reduced from NZ$400,000 to NZ$250,000, improving cash flow flexibility.