Emeco Holdings Ltd
ASX:EHL
Emeco Holdings Ltd
Emeco Holdings Ltd. is engaging in providing heavy earthmoving equipment solutions for mining industries. The company is headquartered in Perth, Western Australia and currently employs 1,100 full-time employees. The company went IPO on 2006-07-28. The firm is focused on providing complementary equipment and mining services, including market-maintenance, equipment and component rebuilds, fleet optimization technology, and technical and engineering services. The firm operates through three segments: Rental, Workshops and Pit N Portal. Rental segment provides a wide range of earthmoving equipment solutions to customers in Australia. Its Additional technology platforms have been developed to enable customers to improve earthmoving efficiencies of their rental machines. Workshops segment provides maintenance and component rebuild services to customers in Australia. Pit N Portal segment Provides a range of mining services solutions and associated services to customers in Australia.
Emeco Holdings Ltd. is engaging in providing heavy earthmoving equipment solutions for mining industries. The company is headquartered in Perth, Western Australia and currently employs 1,100 full-time employees. The company went IPO on 2006-07-28. The firm is focused on providing complementary equipment and mining services, including market-maintenance, equipment and component rebuilds, fleet optimization technology, and technical and engineering services. The firm operates through three segments: Rental, Workshops and Pit N Portal. Rental segment provides a wide range of earthmoving equipment solutions to customers in Australia. Its Additional technology platforms have been developed to enable customers to improve earthmoving efficiencies of their rental machines. Workshops segment provides maintenance and component rebuild services to customers in Australia. Pit N Portal segment Provides a range of mining services solutions and associated services to customers in Australia.
Strong Growth: Emeco delivered 6 straight halves of period-on-period growth in earnings and cash flow, with all key financial metrics rising in the first half of FY26.
Revenue & Profit Gains: Revenue rose 9% to $421 million and operating net profit after tax increased 21% to $46 million.
Improved Margins & Returns: Return on capital climbed to 18%, up 100 basis points since FY25 and 230 basis points since 1H FY25, moving closer to the 20% target.
Cash Generation: Operating free cash flow grew 37% to $67 million, with excellent cash conversion of 110%. Net leverage dropped to 0.5x EBITDA.
Maintenance Services Expansion: Low capital maintenance services now drive a larger share of earnings, doubling over the past year and accounting for 50% of gross revenue.
Positive Outlook: The company expects continued strong performance and robust demand, with guidance for stay-in-business CapEx of $170–175 million and depreciation of $160–165 million for FY26.
