Announcement under Regulation 30 (LODR) - Earnings Call Transcript.
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Black Rose Industries reported strong Q4 FY26 with 38% revenue growth and 90% EBITDA growth, driven by its stock-and-sale distribution model and manufacturing segment. EBITDA margin improved from 9.7% to 11%. The company declared 125% dividend and remains debt-free. Manufacturing contributed 35% of revenue with acrylamide capacity at 32,000 MTPA. Key projects in pipeline include PAM solid commercialization expected this year and specialty amines project with Koei Chemicals progressing as planned. Management acknowledged near-term Q1 demand may remain subdued due to global uncertainties but expects strong order pipeline to support performance. US tariff policies impacted merchant exports from the oil and gas sector.
The company shows operational resilience with improving margins and debt-free status, but management's refusal to provide specific EBITDA guidance or multi-year targets suggests caution amid uncertain chemical pricing and geopolitical conditions.