Cosol Expects Stronger Sales in Fiscal Second Half; Shares Hit 2.5-Year Low

MT Newswires Live
05 Jun

Cosol (ASX:COS) expects stronger sales in the fiscal second half, projecting fiscal-year revenue of between AU$118 million and AU$121 million, representing a 16% to 19% increase from fiscal 2024, according to a Thursday filing with the Australian bourse.

Higher revenue is anticipated to lead to higher statutory earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second half, boosting the fiscal-year result to a range of AU$16.3 million to AU$16.7 million, up 9% to 12% from a year earlier, the filing said.

Meanwhile, the company expects underlying EBITDA to be in the range of AU$17.3 to AU$17.7 million, delivering second-half growth of 12% to 15%.

For fiscal 2026, the company anticipates high single-digit revenue growth and improved profit margins, with strong double-digit growth expected for both its statutory EBITDA and earnings per share, per the filing.

Shares fell 5% in morning trade Thursday, hitting their lowest since November 2022.

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