Cleanaway Waste Management (ASX:CWY) delivered a robust set of interim results, posting a 17.8% increase in underlying net profit after tax to $109.7 million for the half-year ended Dec. 31, 2025.
The strong performance was underpinned by a 13% rise in net revenue to $1.88 billion, driven by disciplined pricing and the integration of recent acquisitions, including Contract Resources.
The company's underlying earnings before interest and tax climbed 16.9% to $228.2 million, while the core solid waste services division saw earnings grow 11% to $196.7 million.
Cleanaway declared a fully franked interim dividend of 3.35 cents per share, a 19.6% increase over the prior year.
Looking ahead, the waste giant has upgraded its FY26 underlying EBIT guidance to a range of $480 million to $500 million, up from its previous floor of $470 million.
CEO Mark Schubert attributed the upgrade to strong operational momentum and an ongoing cost-reduction program expected to deliver $15 million in savings in the second half.
At the time of reporting, Cleanaway Waste Management’s share price was $2.59.