- 01Q1 FY27 nEBITDA: ~$3.5m; 12-month total: $16.2m.
- 02Revenue grew 3.8%; net debt fell $1.6m.
- 03FY27: mid-single-digit organic growth; double-digit nEBITDA growth.
Trajan Group (ASX: TRJ) has opened FY27 with unaudited first-quarter statutory EBITDA excluding restructuring and acquisition costs and the impact of foreign exchange contract revaluation (nEBITDA) of approximately $3.5 million, lifting rolling 12-month nEBITDA to $16.2m.
Net revenue increased 3.8% from the first quarter of FY26, with Components & Consumables revenue up 5.2% and Disruptive Technologies up 12.7%, while Capital Equipment declined 1.2%.
Trajan reduced net debt by $1.6m during the quarter as operating improvements implemented through FY26 continued to flow through the business.
The group expects mid-single-digit organic revenue growth and double-digit nEBITDA growth in FY27 over the prior comparable period, with more specific revenue and earnings guidance planned for its 28 October annual general meeting.
Cost-Efficiency Measures
FY26 group revenue fell 3.1% to $161.4m and nEBITDA declined 14.7% to $13.2m, although second-half nEBITDA reached $8.1m compared with $5.0m in the first half as cost-efficiency measures took effect.
On a fixed-currency basis, second-half nEBITDA was $10.5m, while reported second-half revenue was reduced by about $5.0m from appreciation of the Australian dollar and around 85% of group revenue was generated in US dollars and euros.
Operating net profit after tax plus amortisation increased 191.3% to $2.2m, while second-half pro forma gross margin rose 3.2 percentage points from the first half to 40.6%.
Project Neptune headcount and facilities reductions delivered a $1.2m second-half uplift, lower Corporate Services headcount added another $1.2m and pricing actions from 1 January increased gross margin, while a supply chain initiative contributed an approximately $0.9m reduction.
Full-time equivalents (FTE) fell by 45.4 between September and June 2026 and Trajan entered FY27 with fewer than 600 FTE, leaving the group with a lower cost structure as earnings momentum carried into the new year.
Global Platform to Support Growth
Components & Consumables remains Trajan’s largest operating segment at about 70% of revenue, compared with around 30% for Capital Equipment and less than 1% for Disruptive Technologies.
The group employs approximately 600 people across 10 manufacturing and operating sites in the US, Australia, Europe, and Asia, with more than 95% of revenue and 61% of staff located outside Australia.
Trajan has seven global manufacturing sites producing more than 8,000 stock keeping units, supporting an in-region, for-region manufacturing model and a broad product portfolio spanning biological, food and environmental sample analysis.
Trajan describes its growth model as a step-wise approach to acquisitions and integration that seeks to realise efficiencies while retaining talent, controlling timing and costs and maintaining resource capacity for future scale.
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