Coventry Group (ASX:CYG) reported improved trading performance for the first half of FY26, posting unaudited sales of $188.5 million and EBITDA of $3.2 million, compared with $179.4 million in sales and $2.4 million in EBITDA in the previous half.
Group sales increased 5.1%, driven by a 6.6% rise in trade distribution revenue to $112.4 million and a 2.7% increase in Fluid Systems sales to $76.1 million.
EBITDA rose 33.3%, reflecting early progress from the company's "back to basics" operational improvement program.
The company said sales momentum strengthened during the second quarter, although this was partly offset by a decline in gross margins, investment in new branch openings and a one-off cost associated with the relocation of the Fluid Systems business' largest branch in Mackay, Queensland.