GWA Group posts $48M FY26 statutory net profit

• GWA Group increased its statutory net profit after tax by 10.6% to $48 million.
• The company raised its fully franked full-year dividend by 6.5% to 16.5 cents per share.
• Management stated that volume growth across all three geographic markets supported the earnings result.

GWA Group (ASX:GWA) reported a 10.6% increase in FY26 statutory net profit to $48 million. Group revenue up 0.9% to $422.3 million.

The business recorded a third consecutive year of volume growth despite softer industry conditions across key markets.

“Operational and cost discipline lifted Group normalised EBIT by 2.5% and improved margin, despite challenging market conditions,” said GWA Managing Director and CEO Urs Meyerhans.

The company recorded $1.3 million in pre-tax significant items for digital platform enhancements, down from $4.3 million previously.

The company’s board declared a fully franked dividend of 8.5 cents per share, bringing its total dividend of 16.5 cents per share.

With the company expecting continued multi-residential growth, following the announcement, the GWA share price was up at $2.40.

GWA will continue to focus on disciplined execution in attractive segments, including healthcare and aged care, multi-residential housing, social and affordable housing, repair and maintenance, and deeper merchant and plumber engagement.