WasteCo Group (WCO) H2 2026 earnings summary

Executive summary

• FY26 was a challenging year marked by operational and financial difficulties, including two employee fatalities and ongoing legal and regulatory investigations.

• Focus was placed on rebuilding business fundamentals, prioritizing health and safety, and overhauling management systems.

• Leadership changes and operational restructuring were implemented to address inefficiencies and improve accountability.

Financial highlights

• Revenue rose to NZ$70.2 million from NZ$56.4 million in FY25, primarily driven by acquisitions.

• EBITDA increased to NZ$5.85 million from NZ$4.64 million year-over-year.

• Net loss widened to NZ$12.35 million, compared to a loss of NZ$9.9 million in the prior year.

• High financing costs, fleet expenses, and restructuring costs significantly impacted earnings.

Outlook and guidance

• Entering FY27 with a stronger operational focus and commitment to performance improvement.

• Management aims to address underlying business issues and deliver better results in the next 12 months.