New Risk • Jun 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$45.7m market cap, or US$32.7m). Announcement • Feb 05
The Environmental Group Limited to Report First Half, 2026 Results on Feb 18, 2026 The Environmental Group Limited announced that they will report first half, 2026 results on Feb 18, 2026 Announcement • Oct 17
The Environmental Group Limited, Annual General Meeting, Nov 18, 2025 The Environmental Group Limited, Annual General Meeting, Nov 18, 2025. Location: at quest hotel, 5 acacia place, notting hill, vic, 3168 Australia Recent Insider Transactions • Aug 28
Insider recently sold AU$748k worth of stock On the 22nd of August, Ellis Richardson sold around 3m shares on-market at roughly AU$0.26 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$702k more than they bought in the last 12 months. Reported Earnings • Aug 21
Full year 2025 earnings released: EPS: AU$0.012 (vs AU$0.012 in FY 2024) Full year 2025 results: EPS: AU$0.012 (in line with FY 2024). Revenue: AU$111.9m (up 14% from FY 2024). Net income: AU$4.71m (up 7.3% from FY 2024). Profit margin: 4.2% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
The Environmental Group Limited to Report Fiscal Year 2025 Results on Aug 20, 2025 The Environmental Group Limited announced that they will report fiscal year 2025 results on Aug 20, 2025 Announcement • Apr 01
The Environmental Group Limited (ASX:EGL) agreed to acquire Advanced Boilers & Combustion Pty. Ltd. from Laurie Grigg and David Seymour for AUD 5.5 million. The Environmental Group Limited (ASX:EGL) agreed to acquire Advanced Boilers & Combustion Pty. Ltd. from Laurie Grigg and David Seymour for AUD 5.5 million on March 31, 2025. A cash consideration of AUD 5.5 million will be paid by The Environmental Group Limited. As part of consideration, AUD 5.5 million is paid towards common equity of Advanced Boilers & Combustion Pty. Ltd.
For the period ending December 31, 2024, Advanced Boilers & Combustion Pty. Ltd. reported total revenue of AUD 16 million and EBITDA of AUD 1.6 million. The deal is expected to complete by April 5, 2025.
The vendors are actively engaged in the business and will continue in key roles post acquisition.
Following completion, EGL will retain a strong balance sheet and has obtained a temporary $3.0 million increase in the Westpac overdraft facility until 30 September 2025 and a permanent $1.5 million increase in the Westpac bond facility to provide additional working capital and funding flexibility for future growth, investments or acquisitions. Announcement • Feb 18
The Environmental Group Limited to Report First Half, 2025 Results on Feb 20, 2025 The Environmental Group Limited announced that they will report first half, 2025 results on Feb 20, 2025 Buy Or Sell Opportunity • Nov 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to AU$0.32. The fair value is estimated to be AU$0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Oct 17
The Environmental Group Limited, Annual General Meeting, Nov 19, 2024 The Environmental Group Limited, Annual General Meeting, Nov 19, 2024. Location: quest hotel, 5 acacia place, notting hill, vic, 3168, Australia New Risk • Sep 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.9m sold). Market cap is less than US$100m (AU$137.0m market cap, or US$91.8m). Recent Insider Transactions • Aug 28
Insider recently sold AU$1.9m worth of stock On the 23rd of August, Ellis Richardson sold around 5m shares on-market at roughly AU$0.35 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.0m more than they bought in the last 12 months. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: AU$0.012 (vs AU$0.008 in FY 2023) Full year 2024 results: EPS: AU$0.012 (up from AU$0.008 in FY 2023). Revenue: AU$98.3m (up 19% from FY 2023). Net income: AU$4.39m (up 68% from FY 2023). Profit margin: 4.5% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 22
First half 2024 earnings released: EPS: AU$0.006 (vs AU$0.004 in 1H 2023) First half 2024 results: EPS: AU$0.006 (up from AU$0.004 in 1H 2023). Revenue: AU$46.7m (up 15% from 1H 2023). Net income: AU$2.08m (up 47% from 1H 2023). Profit margin: 4.4% (up from 3.5% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 54% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
The Environmental Group Limited to Report First Half, 2024 Results on Feb 22, 2024 The Environmental Group Limited announced that they will report first half, 2024 results on Feb 22, 2024 Recent Insider Transactions • Sep 05
Insider recently sold AU$2.0m worth of stock On the 30th of August, Ellis Richardson sold around 9m shares on-market at roughly AU$0.23 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$3.1m more than they bought in the last 12 months. Announcement • Aug 25
The Environmental Group Limited, Annual General Meeting, Nov 21, 2023 The Environmental Group Limited, Annual General Meeting, Nov 21, 2023. Reported Earnings • Aug 24
Full year 2023 earnings released: EPS: AU$0.008 (vs AU$0.005 in FY 2022) Full year 2023 results: EPS: AU$0.008 (up from AU$0.005 in FY 2022). Revenue: AU$82.7m (up 45% from FY 2022). Net income: AU$2.61m (up 68% from FY 2022). Profit margin: 3.2% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 33% decline forecast for the Machinery industry in Australia. Announcement • Aug 23
The Environmental Group Limited Announces Board Changes The Environmental Group Limited announced the appointment of Michael Constable as Independent Non-Executive Director and Chair of the Audit & Risk Committee of the Company with effect from 24 August 2023. Michael has significant financial management experience and Board exposure gained within large ASX listed companies over the last 20 years. Michael is a Chartered Accountant who has had senior Executive Finance roles within Nylex and Programmed Groups and was CFO of Tox Free Solutions Ltd. for over 10 years before its sale to Cleanaway in 2018. Michael was also CFO of Millennium Services Group Ltd. for 4 years. Michael's industry experience spans labour and equipment hire, industrial services, waste management and contracting businesses, and he has had significant experience in high growth environments. Michael has developed and successfully executed business organic and inorganic growth strategies, governance, risk management, equity and debt funding initiatives, and driven significant shareholder value. The company also announced that Adrian Siah will be retiring from the Board as Non-Executive Director and Chair of the Audit & Risk Committee with effect from 24 August 2023. Announcement • Aug 21
The Environmental Group Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 The Environmental Group Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Buying Opportunity • Jul 25
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 88% in the next 2 years. Buying Opportunity • Jul 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be AU$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Buying Opportunity • Jun 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be AU$0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Buying Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be AU$0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Announcement • May 06
The Environmental Group Limited (ASX:EGL) completed the acquisition of Airtight Pty Ltd. The Environmental Group Limited (ASX:EGL) signed a binding agreement to acquire Airtight Pty Ltd for AUD 12 million on April 18, 2023. The consideration is upfront consideration of AUD 7 million, plus contingent consideration of up to AUD 5 million dependent on FY24 earnings, on a cash and debt free basis. The purchase price is based on delivery of AUD 4 million in working capital, which is subject to a post completion adjustment. Implied acquisition multiple of 4.0x forecast FY23 normalised EBITDA based on initial purchase price. EGL will undertake an equity capital raising of up to AUD 9 million, comprising a placement to raise AUD 8 million (“Placement”) and a subsequent Share Purchase Plan to raise up to a further AUD 1 million. Proceeds from the Placement and SPP will be used to support the acquisition and growth of Airtight. Under the Placement, EGL will issue approximately 40 million new EGL shares at an issue price of AUD 0.20 each. The transaction is subject to satisfaction of conditions precedent, including, but not limited to, the receipt of all necessary consents, waivers and approvals and the receipt of subscriptions by EGL under the Placement. Completion of the transaction is scheduled to occur on May 1, 2023. Acquisition of Airtight is expected to be more than 15% EPS accretive to EGL shareholders on forecast FY24 pro forma earnings. Taylor Collison Limited and Bell Potter Securities Limited are acting as Joint Lead Managers and Bookrunners to the Placement and SPP. Acacia Partners is acting as Sole Financial Adviser and MST Lawyers as legal adviser on the acquisition.
The Environmental Group Limited (ASX:EGL) completed the acquisition of Airtight Pty Ltd on May 5, 2023. Recent Insider Transactions • Mar 03
Insider recently sold AU$540k worth of stock On the 27th of February, Ellis Richardson sold around 2m shares on-market at roughly AU$0.22 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.0m more than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.003 in 1H 2022) First half 2023 results: EPS: AU$0.004 (up from AU$0.003 in 1H 2022). Revenue: AU$40.8m (up 52% from 1H 2022). Net income: AU$1.41m (up 76% from 1H 2022). Profit margin: 3.5% (up from 3.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in Australia. Recent Insider Transactions • Sep 14
Insider recently sold AU$487k worth of stock On the 9th of September, Ellis Richardson sold around 3m shares on-market at roughly AU$0.19 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$3.2m more than they bought in the last 12 months. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.005 (vs AU$0.006 in FY 2021) Full year 2022 results: EPS: AU$0.005 (down from AU$0.006 in FY 2021). Revenue: AU$57.1m (up 23% from FY 2021). Net income: AU$1.55m (down 1.4% from FY 2021). Profit margin: 2.7% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 22
Insider recently sold AU$2.8m worth of stock On the 18th of October, Ellis Richardson sold around 20m shares on-market at roughly AU$0.14 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.3m more than they bought in the last 12 months. Recent Insider Transactions • Sep 04
Insider recently sold AU$500k worth of stock On the 31st of August, Ellis Richardson sold around 5m shares on-market at roughly AU$0.10 per share. In the last 3 months, they made an even bigger sale worth AU$570k. Insiders have been net sellers, collectively disposing of AU$1.6m more than they bought in the last 12 months. Reported Earnings • Aug 28
Full year 2021 earnings released: EPS AU$0.006 (vs AU$0.006 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$46.6m (up 24% from FY 2020). Net income: AU$1.58m (up AU$2.89m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 05
Insider recently sold AU$570k worth of stock On the 30th of July, Ellis Richardson sold around 6m shares on-market at roughly AU$0.095 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Recent Insider Transactions • Jun 08
Insider recently sold AU$527k worth of stock On the 1st of June, Ellis Richardson sold around 7m shares on-market at roughly AU$0.08 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
