Coventry Group (ASX:CYG) reported group sales of AU$365.2 million in the fiscal year ended June 30, down 1.7% year-over-year and unaudited earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$12.3 million, down 40.9% over the same period, according to a Tuesday Australian bourse filing.

It said it is taking action to achieve a targeted annualized cost out of around AU$10 million, while cost out targets have been incorporated into management incentive plans and progress against targets will be monitored by the board.

It provided an EBITDA guidance in fiscal year 2026 of over AU$20 million, with the earnings run-rate expected to improve quarter-over-quarter.

Its shares fell 2% in recent trading on Tuesday.