MyEco Group Reports 51% EBITDA Improvement and 0.4% Sales Growth in H1 FY26

Solid Financial Progress Despite Challenges

MyEco Group, a player in the bioplastics and sustainable packaging sector, has posted encouraging financial results for the first half of FY26. The company reported a 38% improvement in profit before tax, narrowing losses to $1.7 million, alongside a 51% uplift in normalised EBITDA to a loss of $0.9 million. These gains reflect the benefits of a recent operational restructure that reduced operating expenses by nearly a quarter.

While overall sales edged up modestly by 0.4% to $7.7 million, the company saw notable growth in strategic channels. Council and waste sales surged 21%, driven by the rollout of food organics and garden organics (FOGO) programs in Victoria’s Ballarat Council. Meanwhile, MyEco branded products grew 6%, maintaining leadership in major Australian retailers Coles and Woolworths despite softer sales in the US market.

Strategic Priorities and Market Expansion

MyEco Group’s strategy for FY26 and FY27 focuses on expanding its branded product range, leveraging new technologies like post-consumer recycled materials, and enhancing operational efficiencies through partnerships in Southeast Asia. The company is also targeting growth in e-commerce and international markets, including the UK and Mexico, where it aims to mitigate tariff impacts and broaden its footprint.

Marketing efforts have intensified with campaigns designed to build brand awareness and consumer engagement, particularly around compostable shopping bags and FOGO initiatives. This consumer-centric approach has helped MyEcoBag® secure a dominant market share in Australia’s compostable bag segment, with 41% market share over the past year and 44% in December 2025 alone.

Leadership Refresh and Innovation Pipeline

The company has bolstered its executive team with new appointments including Marie de Perthuis as CEO, bringing over 20 years of retail experience, and Tim Jardim as Chief Growth Officer. These leadership changes aim to accelerate growth and operational excellence. On the innovation front, MyEco continues to collaborate with the Australian Government’s Solving Plastic Waste Cooperative Research Centre and RMIT to develop advanced resins and sustainable packaging solutions aligned with evolving regulations.

Financially, MyEco Group maintains a healthy cash position of $2.6 million with no bank debt and access to a $1 million undrawn financing facility. The company plans to consider further debt funding and convertible note issues to support its growth trajectory.

Outlook and Market Opportunities

Looking ahead, MyEco Group anticipates launching new sustainable product ranges with major national retailers and expanding its presence in fast-growing segments. The NSW Government’s FOGO mandate rollout presents a significant opportunity to drive sales growth. Additionally, the company expects to realise full cost savings from its operational restructure and continue building on its strong brand equity.

While challenges remain, including currency fluctuations and competitive pressures, MyEco Group’s strategic focus on innovation, market expansion, and operational efficiency positions it well for scalable growth in the evolving sustainable packaging landscape.