Skellerup forecasts strong FY26 profit growth after robust Q1 start

Skellerup Holdings announced a robust start to its FY26 year, with Q1 earnings increasing by 10% compared to the prior comparative period. Chair John Strowger noted strong demand across product applications, highlighting dairy and infrastructural pipe as key growth drivers.

The company anticipates FY26 net profit after tax to be in the range of $55 million to $60 million. This forecast is based on Q1 earnings, current customer demand expectations, and an assumption of no significant changes in trading conditions.

Despite 80% of revenues originating from international markets, particularly the US, Skellerup faces uncertainty regarding potential changes in market access costs. The company is strategically focused on servicing existing business and capitalizing on new product and market opportunities.