Interim report
Page 1
RNS Number : 4079R Capital Limited 20 August 2026 Capital Limited ( " Capital " , the " Group " or the " Company " ) H1 2026 Results ( Unaudited ) Capital Limited ( LSE : CAPD ) , a leading mining services company , today provides its results ( unaudited ) for the half - year period 1 January to 30 June 2026 ( the " Period " ) . Revenue Adjusted EBITDA Operating Profit Investment Gain 1,2 Net Profit After Tax ( NPAT ) Operational NPAT 1,3 Earnings per share VS H1 2026 H1 2025 H1 2025 219.0 159.2 37.6 % 54.7 32.1 70.4 % 31.8 16.2 96.3 % 7.0 19.3 ( 63.7 % ) 21.3 14.8 43.9 % 15.5 2.1 638.1 % Basic EPS ( cents ) Operational Basic EPS ( cents ) 1,3 10.1 7.6 32.9 % 7.5 1.1 581.8 % Interim Dividend per Share ( cents ) 1.3 1.3 0.0 % Adjusted Cash from Operations 1,4 41.4 54.7 ( 24.3 % ) 1,5 Capex 24.1 20.4 18.1 % 1,6 Net Debt Investments held at fair value Margins 1,2 Adjusted EBITDA Margin Operating Profit Margin 1,3 Operational NPAT Margin 7 43.3 55.4 ( 21.8 % ) 116.5 49.5 135.4 % 25.0 % 20.2 % 14.5 % 10.2 % 7.1 % 1.3 % All amounts are in US dollars unless otherwise stated ( 1 ) ( 2 ) Non - IFRS financial measures should not be used in isolation or as a substitute for Capital Limited financial results presented in accordance with IFRS . Alternative performance measures are detailed on pages 34-37 of this results announcement . Adjusted EBITDA is calculated as EBITDA less cash cost of IFRS 16 leases and exceptional items . ( 3 ) Operational NPAT is calculated as NPAT less effects from investments and exceptional items . ( 4 ) Adjusted Cash from Operations is calculated as cash generated from operations less cash cost of IFRS 16 leases . ( 5 ) Capital expenditure ( Capex ) consists of purchases of PPE for cash , prepayments for PPE and PPE financed by OEM . ( 6 ) Net Debt excludes ROU liabilities and unamortised debt arrangement costs . ( 7 ) Investment portfolio excludes Capital Innovation investments of $ 2.3 million ( H1 2025 : nil ) . Commenting on the interim results , Jamie Boyton , Executive Chair , said : " Capital delivered a strong first half performance , with revenue increasing 37.6 % year - on - year to $ 219.0 million , and Adjusted EBITDA increasing 70.4 % to $ 54.7 million . This performance was underpinned by improved drilling contract productivity , continued momentum from MSALABS and solid execution across our mining services contracts .