What were the key takeaways from the Boom Logistics (ASX:BOL) Q3 FY26 update?

Boom Logistics upgraded its full-year 2026 guidance following a strong third quarter marked by a 7% year-on-year revenue increase to $69.6 million.

How much did Boom Logistics (ASX:BOL) increase its earnings guidance for FY26?

The company raised its statutory EPS forecast to 29 cents, representing 31% growth over FY25. Even more notably, underlying EPS is now expected to hit 32 cents, which is a 47% increase compared to the previous financial year.

What is the current debt and cash position of Boom Logistics (ASX:BOL)?

Boom Logistics significantly strengthened its balance sheet this quarter, with cash reserves surging 162% to $17.8 million compared to the same period last year. Simultaneously, the company reduced its net debt by 12%, bringing it down to $91.7 million.

What does the $7 million share buyback mean for BOL investors?

Boom Logistics expanded its on-market share buyback programme from $6 million to $7 million, signalling management's confidence that the stock may be undervalued.

Where is the new contract growth for Boom Logistics (ASX:BOL) coming from?

The company secured $7 million in new work during the quarter, with $6 million specifically tied to energy-related projects like wind farms and civil infrastructure across WA, NSW, and Victoria. The remaining contracts are focused on the mining sector, particularly in Port Hedland.

Boom Logistics lifts guidance amid mining demand

Written by Jon CuthbertPublished May. 7 2026Last Updated May. 7 2026

Diversified lifting and project logistics specialist Boom Logistics (ASX:BOL) announced an upgrade to its FY26 guidance, underpinned by demand across the mining and infrastructure sectors.

The company revealed a statutory earnings per share forecast of 29 cents, marking an impressive 31% increase over the previous financial year.

Underlying EPS is expected to reach 32 cents, a 47% jump on FY25 results.

The optimism stems from a 7% year-on-year revenue increase to $69.6 million for the quarter, bringing year-to-date revenue to $211.8 million.

The group’s operational momentum is further validated by the acquisition of $7 million in new contract work across Western Australia, New South Wales, and Victoria.

Approximately $6 million of these agreements are tied to critical energy projects, including wind energy and civil infrastructure, which provide strong earnings visibility heading into FY27.

Key metrics indicate a healthy balance sheet, with net debt seeing a favourable 12% reduction to $91.7 million, while cash reserves have surged 162% to $17.8 million compared to the prior corresponding period.

The on-market share buyback programme has been expanded to $7 million, up from the previously slated $6 million.

Management cited continued high demand in the mining sector and project executions in Port Hedland as primary drivers for the company’s upgraded outlook.

At the time of reporting, Boom Logistics’ share price was $1.82.