Lycopodium (ASX:LYL) reported Wednesday fiscal first-half earnings of AU$0.459 per share, down from AU$0.635 a year earlier.

Analysts polled by FactSet expected earnings of AU$0.49.

Revenue for the six months ended Dec. 31, 2025, was AU$174.5 million, compared with AU$167.4 million a year earlier. Analysts surveyed by FactSet expected AU$183.6 million.

The company updated its fiscal-year revenue guidance to between AU$370 million and AU$410 million, from between AU$390 million and AU$410 million, and net profit after tax to AU$37 million to AU$41 million from AU$40 million to AU$44 million.

Analysts polled by FactSet expect earnings of AU$1.08 per share on revenue of AU$397.9 million.

The board declared an interim dividend of AU$0.22 per share, up from AU$0.10 a year earlier, payable Apr. 2 to shareholders on record as of Mar. 24.

Lycopodium shares fell 8% in morning trade on Wednesday.