FY26 statutory net profit after tax was A$22.2 million (US$15.91 million), down from A$24.3 million (US$17.41 million) in FY25. Group revenue fell to A$202.7 million (US$145.29 million) from A$229.7 million (US$164.65 million), according to the company’s FY26 results released on August 19.
Automotive Leather generated A$176.3 million (US$126.37 million) in revenue and A$11.8 million (US$8.45 million) in profit, compared with A$185.5 million (US$132.95) and A$16.3 million (US$11.68 million) respectively in FY25. However, the division recovered strongly in the second half after being disrupted by the Jaguar Land Rover cyberattack in the first half, with revenue rising to A$95.1 million (US$68.16 million) from A$81.2 million (US$58.19 million) in 1H26. Schaffer also secured new programmes with Jaguar Land Rover in Europe, and Chery and Mercedes in China.
The company said improved production efficiencies and stabilised programme launches supported the recovery, with Automotive Leather expected to deliver at least similar profitability in H127.
Meanwhile, Schaffer’s investment portfolio benefited from a A$10.2 million (US$7.31 million) after-tax unrealised gain on the South Connect Jandakot land valuation, lifting the pre-tax net equity value of the Group’s investments to A$240.9 million. (US$172.64 million).
