Supply Network (SNL) H1 2026 earnings summary

Executive summary

• Sales revenue for the first half of 2026 reached $200.5 million, up 16.9% year-over-year.

• Profit after tax was $22.9 million, representing 18.0% growth on a like-for-like basis and 15.5% reported growth.

• Basic earnings per share rose to 52.43 cents, up from 46.21 cents year-over-year.

• Dividends per share increased to 36.0 cents, a 12.5% rise, fully franked and declared for payment on 2 April 2026.

• Net assets as of 31 December 2025 were $152.8 million.

Financial highlights

• EBIT for the half-year was $33.4 million, up 14.6% from the prior year.

• Cash flows from operating activities were $20.2 million, slightly down from $20.4 million a year earlier.

• Net cash position at period end was $22.1 million.

• Net tangible asset backing per ordinary security increased to $3.49 from $2.80 year-over-year.

• Dividend reinvestment plan operated in the prior period but not in the current period.

Outlook and guidance

• No material changes in market dynamics or external factors expected to impact business development plans.

• Network development and IT projects are progressing on schedule and within budget, expected to enhance future operations.

• On track to meet or exceed the $50 million revenue growth target for FY2026.

• No specific forward guidance provided, but directors state reasonable grounds to believe debts can be paid as they become due.