SPC Global on Track to Achieve Fiscal Year 2026 Guidance
SPC Global (ASX:SPG) is on track to achieve its fiscal 2026 guidance, including a 25% year-over-year increase in normalized earnings before interest, taxes, depreciation, and amortization (EBITDA), according to a Wednesday filing with the Australian bourse. The company said its net sales revenue and normalized EBITDA improved in line with expectations in the June quarter, with domestic beverages net sales revenue rising 11.7%. The closure of SPC Global's Mill Park facility in Victoria and other operational initiatives, which remain on track for completion in the first quarter of fiscal year 2027, are expected to deliver about AU$8 million of EBITDA in the fiscal year 2027, the company said. "The annualized outlook for [fiscal year 2027] based on these initiatives is currently expected to be materially better than previously indicated," SPC Global said. The company's shares gained 1% in recent Wednesday trade.
SPC Global (ASX:SPG) is on track to achieve its fiscal 2026 guidance, including a 25% year-over-year increase in normalized earnings before interest, taxes, depreciation, and amortization (EBITDA), according to a Wednesday filing with the Australian bourse.
The company said its net sales revenue and normalized EBITDA improved in line with expectations in the June quarter, with domestic beverages net sales revenue rising 11.7%.
The closure of SPC Global's Mill Park facility in Victoria and other operational initiatives, which remain on track for completion in the first quarter of fiscal year 2027, are expected to deliver about AU$8 million of EBITDA in the fiscal year 2027, the company said. "The annualized outlook for [fiscal year 2027] based on these initiatives is currently expected to be materially better than previously indicated," SPC Global said.
The company's shares gained 1% in recent Wednesday trade.