CTI Logistics' Profit Surge Meets a Diesel Cost Question Mark

A strong profit update guiding to 75% profit growth drove a near-50% rally in a tightly held WA logistics operator, though rising diesel prices may cloud the second half.

30 Jun 2026 · 2 min read

CTI Logistics, a tightly held Western Australian transport and logistics operator spanning courier services, warehousing and property assets, delivered a genuinely strong profit update guiding to 75 percent profit growth for FY26, sending the stock up nearly 50 percent for the quarter even as fund managers flagged elevated diesel prices as a headwind to underlying momentum.

A diversified, tightly held business at an old-fashioned multiple

Medallion Financial rated the stock a buy, describing CTI Logistics as around a $180 million to $200 million market cap logistics business based out of Western Australia, with freight forwarding and courier services generating around 55 to 60 percent of revenue, warehousing and logistics optimisation around 20 to 30 percent, and 10 to 15 percent from property assets generating rent, calling it an old-fashioned business on an old-fashioned multiple of 19 times earnings, paying a 5 to 6 percent dividend yield, and very tightly held.

It's an old-fashioned business on an old-fashioned multiple — 19 times earnings, paying a 5 to 6% dividend yield, and very tightly held.

— Medallion Financial, Article, June 2026

A profit update sends the stock up nearly 50%

Cromwell Funds Management described CTI Logistics as a West Australian transport and logistics operator with a national footprint, spanning courier and taxi-truck services, parcel distribution, third-party warehousing and its GMK flooring distribution business, having provided a profit update on 25 June guiding to FY26 revenue growth of around 9 percent and profit before tax growth of roughly 75 percent year on year, implying profit before tax of around $34.5 million, citing increased demand across freight services and project work in WA. The fund said the share price rallied strongly post the announcement, gaining 49.4 percent over the quarter, though it suspects the second-half result carries some headwinds from elevated diesel prices, making the underlying earnings momentum harder to assess cleanly.

On 25 June CLX provided a profit update, guiding to FY26 revenue growth of around 9% and profit before tax (PBT) growth of roughly 75% year-on-year, implying PBT of around $34.5m. The share price rallied strongly post the announcement, gaining 49.4% over the quarter.

— Cromwell Funds Management, Quarterly Report, June 2026

What fund managers say they are watching next is whether elevated diesel prices continue creating headwinds to the second-half result, delivery on the 9 percent revenue growth and 75 percent profit before tax growth guidance, continued demand for freight services and WA project work, and whether the stock's traditionally tight holding structure limits liquidity as institutional interest grows.