Fletcher Building returns to profit in FY26, net earnings $228 million; EBIT before significant items rises 26% to $414 million
Reuters2026/08/18 20:47- Fletcher Building returned to profit in FY26, posting net earnings of $228 million after a $647 million improvement versus FY25.
- EBIT from continuing operations before Significant Items rose 26% to $414 million.
- Net cash from operating activities increased 42.71% to $715 million; net debt fell 36.24% to $637 million.
- Portfolio simplified with the divestment of the Construction division and other non-core units, using proceeds to strengthen the balance sheet.
- Board declared no FY26 dividend; management expects uncertainty to weigh on 1H FY27, with a meaningful volume recovery not expected until 2027.
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