InvestSMART

Fletcher Building Limited (ASX:FBU)

ALERT: Price-sensitive ASX Announcement for FBU
Current share price for FBU : $3.170 0.16 (5.32%)+
Announcement
Release
18 Feb 2026 7:31AM
Price at Release
$3.010
Full Release
download
Summary
Fletcher Building Limited reported stable results for the first half of the fiscal year 2026, with revenue from continuing operations amounting to $2,866 million, consistent with the previous year. The EBIT before Significant Items was $145 million, and the company managed to increase net cash from operating activities to $156 million. Despite challenging market conditions across New Zealand and Australia, particularly in the residential and civil sectors, Fletcher Building continued to focus on simplifying its portfolio with the announced sale of its Construction division. The company's disciplined cost and capital management helped maintain its financial position, with total available liquidity reaching approximately $0.8 billion. However, due to ongoing market challenges, no interim dividend was declared for the period.
Key Points
  • Revenue from continuing operations for 1H FY26 was $2,866 million, consistent with the prior corresponding period.
  • EBIT from continuing operations before Significant Items was $145 million, with a margin of 5.1%.
  • Net cash from operating activities increased to $156 million, showing improved working capital management.
  • Net debt stood at $1,164 million, reflecting disciplined capital allocation.
  • Total available liquidity was approximately $0.8 billion as at 31 December 2025.
  • The company announced the divestment of its Construction division as part of a strategy to simplify the portfolio.
  • Market conditions remained challenging, with subdued demand in New Zealand's residential and civil sectors.
  • No interim dividend was declared for 1H FY26.
  • The Fletcher Building is focusing on cost reductions, portfolio simplification, and capital discipline to support future performance.
  • Fletcher Building maintained resilience despite challenging market conditions, particularly through disciplined cost control and operational execution.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.