Cleanaway Waste Management's FY25 outlook

Cleanaway Waste Management (ASX:CWY) held its 2024 Annual General Meeting, highlighting a strong financial performance with a 7.7% increase in net revenue and a 14.8% rise in net profit for FY24. The company reaffirmed its FY25 guidance, projecting an EBIT range of $395 million to $425 million, and discussed strategic initiatives for sustainable growth.

Cleanaway's strategic roadmap and future ambitions

Cleanaway Waste Management (ASX:CWY) demonstrated a robust FY24 financial performance with significant increases in revenue and profit. The company announced a clear strategic focus on sustainable growth through its Blueprint 2030 strategy, targeting over $450 million in EBIT by FY26. Cleanaway is investing in Energy from Waste projects and enhancing its post-collection infrastructure through strategic acquisitions. The company remains committed to improving safety, with initiatives aimed at fostering a safe and inclusive workplace culture. Looking ahead to FY25, Cleanaway expects underlying EBIT to be between $395 million and $425 million, with early trading aligning with expectations despite economic challenges. Leadership changes reflect ongoing governance strategy, with new board appointments bringing valuable experience to support future growth.

Executive insights from Cleanaway's leadership

We are pleased with our financial results and the progress we have made towards our strategic goals. Our Blueprint 2030 strategy sets a clear path for sustainable growth and positions us well to support Australia's transition to a circular economy. We remain committed to improving safety and fostering an inclusive workplace culture through initiatives like Respect@Cleanaway.