Cleanaway Waste Management Ltd
F:TG9
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Cleanaway Waste Management Ltd
F:TG9
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Cleanaway Waste Management Ltd
Cleanaway Waste Management is one of Australia’s largest waste service companies. It collects household, commercial, industrial, and hazardous waste, then sorts, recycles, treats, and disposes of it through a network of collection vehicles, transfer stations, recycling facilities, treatment plants, and landfills. Its customers include local councils, businesses, hospitals, manufacturers, and other organizations that need regular waste pickup and compliant disposal. The company makes money mainly by charging fees for waste collection, processing, and disposal, often under longer-term service contracts. It also earns from recycling activities and specialist services such as liquid waste handling and industrial cleaning. Because waste has to be collected and handled safely no matter what the economy is doing, a large part of the business is tied to recurring service demand rather than one-off sales. What makes Cleanaway’s business model different is that it sits across the whole waste chain, from pickup to final disposal or recovery. That gives it control over logistics, processing, and compliance in an industry where scale, permits, and local infrastructure matter a lot. In simple terms, it is the company many Australian organizations rely on to move waste out of sight and deal with it properly.
Cleanaway Waste Management is one of Australia’s largest waste service companies. It collects household, commercial, industrial, and hazardous waste, then sorts, recycles, treats, and disposes of it through a network of collection vehicles, transfer stations, recycling facilities, treatment plants, and landfills. Its customers include local councils, businesses, hospitals, manufacturers, and other organizations that need regular waste pickup and compliant disposal.
The company makes money mainly by charging fees for waste collection, processing, and disposal, often under longer-term service contracts. It also earns from recycling activities and specialist services such as liquid waste handling and industrial cleaning. Because waste has to be collected and handled safely no matter what the economy is doing, a large part of the business is tied to recurring service demand rather than one-off sales.
What makes Cleanaway’s business model different is that it sits across the whole waste chain, from pickup to final disposal or recovery. That gives it control over logistics, processing, and compliance in an industry where scale, permits, and local infrastructure matter a lot. In simple terms, it is the company many Australian organizations rely on to move waste out of sight and deal with it properly.
Guidance Upgrade: Cleanaway raised its FY '26 EBIT guidance to $480–500 million, driven by strong first half results and confidence in second half momentum.
Strong Revenue & Profit: Net revenue rose 13% to almost $1.9 billion and EBIT increased 16.9% to $228 million, with margin expansion across key segments.
Dividend Growth: Interim dividend increased 19.6% to $0.0335 per share, reflecting management’s confidence and robust cash generation.
Cost Efficiency: Significant cost savings are underway, with $15 million targeted in-year for FY '26 and at least $35 million annualized recurring benefit from FY '27.
Safety Improvements: Serious injury and total recordable injury rates dropped sharply, though the company reported two fatal incidents and is rolling out new safety tech.
Cash Flow Outlook: Free cash flow was $74.2 million in H1, impacted by one-offs, but management expects a much stronger second half and further growth into FY '27.
Strategic Focus: Strategy refresh emphasizes margin expansion, digital investment, and lower capital intensity, setting up for sustainable value creation beyond FY '26.
