EBITDA & Capital Cockpit · Q1 2026

CFO + Treasurer view · quarterly close · prepared 30 Apr 2026
EBITDA
$48.6M▲9.4%vs Q1 LY
WACC
8.7%▲0.6 ppvs LY
Working Capital
$72.4M▲18%vs LY
Cash Cycle (CCC)
62 d▲9 dvs LY

EBITDA bridge · Revenue → EBITDA

Waterfall from top-line revenue to bottom-line EBITDA · negative = subtractions

Cash Conversion Cycle · DSO + DIO − DPO

Days each stage holds cash · CCC = how long until $1 of input becomes $1 of cash back
DIO
Inventory · 48 days
+48 d
DSO
Receivables · 42 days
+42 d
DPO
Payables · 28 days
−28 d
CCC
62 days · cash tied up before recovery
62 d
Trending up · target ≤ 55d · investigate inventory days first (largest)

WACC components

Weighted average cost of capital · current capital structure

Working capital trend · 8 quarters

AR + Inventory − AP · trending up = cash trapped

EBITDA margin · vs peers

Trailing 12 months EBITDA margin · peer benchmark