Browsing Tag
Ashley Services Group Limited
2 posts
Ashley Services (ASX: ASH) lifts EBITDA 70% as logistics acquisition expands growth base
Ashley Services Group delivered record A$602.2 million revenue and nearly tripled net profit in FY26, prompting a 16.7% share-price gain. The bigger FY27 catalyst may be a newly acquired labour-hire customer portfolio that generated A$162 million of revenue for its previous owner, adding substantial scale with an unusually low variable purchase-price structure.
Ashley Services (ASX: ASH) shares jump 17% as FY26 profit surges 190% to A$6.3m
Ashley Services Group delivered record A$602.2 million revenue and nearly tripled net profit in FY26, prompting a 16.7% share-price gain. The bigger FY27 catalyst may be a newly acquired labour-hire customer portfolio that generated A$162 million of revenue for its previous owner, adding substantial scale with an unusually low variable purchase-price structure.