InvestSMART

Metro Performance Glass Limited (ASX:MPP)

ALERT: Price-sensitive ASX Announcement for MPP
Current share price for MPP : $0.940 0.897 (2,086.05%)+
Announcement
Release
13 Mar 2026 12:54PM
Price at Release
$0.043
Full Release
download
Summary
Metro Performance Glass Limited has provided an update on its financial performance for FY26, detailing a challenging period marked by a downturn in the New Zealand and Australian construction markets, and pressures from a competitor's takeover offer. Despite these challenges, the company has made significant progress in improving operational performance and stabilizing service levels. A capital raise in September 2025 helped reduce debt by approximately $35 million and established new banking arrangements. The company's net debt is expected to remain stable compared to September 2025 levels. However, revenue is projected to be around 9% below previous forecasts due to lower volumes and pricing pressures. EBITDA is expected to fall short of forecast levels, with net profit before tax anticipated to range from a $2 million loss to a $2 million profit, significantly improving from a $16.6 million loss before tax in FY25. The company remains optimistic about its long-term potential despite the ongoing market challenges.
Key Points
  • Metro Performance Glass navigated a challenging period with market downturns.
  • Operational performance improved and service levels stabilized at high levels.
  • A capital raise reduced debt by $35 million, improving the balance sheet.
  • Revenue is expected to be 9% below forecasts due to pricing pressures.
  • Net profit before tax projected between a $2m loss and a $2m profit.
  • The company remains optimistic despite ongoing challenges.
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.