Earnings call transcript: WOTSO H2 2026 revenue rises as shares stay flat
WOTSO reported a 4% rise in full-year revenue to AUD 48.8 million in FY26, driven by an 11% growth in Flexspace sales to AUD 35.3 million. Real estate income fell 12% due to the sale of the Yandina asset. Underlying EBITDA increased by 1% to AUD 10.1 million. The company has 40 locations across Australia and New Zealand, up by 29% from 31 a year earlier.
WOTSO's FY26 results indicate a growing business transitioning to Flexspace, while reducing reliance on traditional property income. The stock remains flat at $0.51, close to the lower end of its 52-week trading range. Despite the modest profit growth, the company's ability to grow revenue and maintain stable overhead is seen as a positive sign.
WOTSO's long-term strategy appears to be supported by the results, with investors awaiting stronger evidence of faster earnings growth.
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