Cleanaway Waste Management shares fall after flagging FY26 earnings hit
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More news: Shares in Cleanaway Waste Management fell after the company lowered its FY26 earnings guidance and flagged a $20 million hit on earnings amid elevated fuel and third-party logistics costs, alongside decreased activity in its contract resources business in the Middle East.
Shares had fallen 1.72% to $2.29 at 12:55pm AEST.
Cleanaway Waste trims FY26 earnings guidance as Iran war drives up fuel costs
The news: Cleanaway Waste Management has lowered its earnings before interest and tax guidance to between $460 million and $480 million, from a previous range of $480 million to $500 million, citing higher fuel and third-party logistics costs and decreased activity in its contract resources business in the Middle East.
The context: The company said the combined impact of higher costs, reduced activity and geopolitical uncertainty is expected to reduce earnings before interest and tax by around $20 million in FY26.
Cleanaway said the impact largely reflects timing differences in cost recovery rather than structural margin pressure, with most of its contracted prices expected to adjust by 1 July 2026. The initial FY26 fuel cost impact is expected to be recovered as fuel prices normalise.
The company said it will continue to closely monitor fuel markets and the broader impacts of the ongoing conflict in the Middle East. Cleanaway said it has not experienced any fuel supply issues across its operations to date.
The source: ASX
