Gale Pacific Ltd
ASX:GAP
Gale Pacific Ltd
Gale Pacific Ltd. is a global marketer and manufacturer of branded screening and shading products for domestic, commercial and industrial applications. The company is headquartered in Melbourne, Victoria. The company went IPO on 2000-12-14. The firm's segments include Australasia, EurAsia, Americas, Middle East and North Africa (MENA). The firm offers retail and commercial products through its brands, such as Coolaroo, ZONE Interiors, GALE GUARD and GALE Pacific commercial. Its retail product lines, which are marketed under the Coolaroo brand include items, such as shade fabrics, exterior window furnishings, gazebos, shade sails, screening, synthetic turf, weedmat or garden covers and shade umbrellas. Its Zone Interiors brand is used for marketing indoor blinds. Its GALE GURAD brand provides reusable face mask with antimicrobial treated fabric. Its GALE Pacific commercial brand provides fabrics for agricultural, architectural, industrial, horticultural and mining applications.
Gale Pacific Ltd. is a global marketer and manufacturer of branded screening and shading products for domestic, commercial and industrial applications. The company is headquartered in Melbourne, Victoria. The company went IPO on 2000-12-14. The firm's segments include Australasia, EurAsia, Americas, Middle East and North Africa (MENA). The firm offers retail and commercial products through its brands, such as Coolaroo, ZONE Interiors, GALE GUARD and GALE Pacific commercial. Its retail product lines, which are marketed under the Coolaroo brand include items, such as shade fabrics, exterior window furnishings, gazebos, shade sails, screening, synthetic turf, weedmat or garden covers and shade umbrellas. Its Zone Interiors brand is used for marketing indoor blinds. Its GALE GURAD brand provides reusable face mask with antimicrobial treated fabric. Its GALE Pacific commercial brand provides fabrics for agricultural, architectural, industrial, horticultural and mining applications.
Revenue: Group revenue for H1 FY '26 was $82 million, down 9.5% on the prior period due to softer retail demand in the Americas and more disciplined retailer inventory practices.
EBITDA: EBITDA reached $5.3 million, ahead of the $4 million guidance but slightly below last year, reflecting tighter cost controls and early benefits from the U.S. operating model reset.
Cash Flow: Net cash from operating activities was $15.1 million, a clear improvement driven by inventory management and working capital gains, moving the group to a net cash position of $1.9 million versus net debt of $8.9 million a year ago.
Cost Savings: Actions including a 24% U.S. workforce reduction are expected to deliver $3.1 million in FY '26 cash savings and $3.7 million in annualized recurring savings.
Guidance: Given U.S. retail uncertainty, the company is not issuing full year FY '26 performance guidance.
Outlook: Australian retail trading finished summer strongly, but challenging U.S. conditions and Middle East instability are expected to persist.
