Worley seals 14% lift in underlying profit, flags 'moderate growth' target for FY26
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The news: Engineering services group Worley has reported a 14% rise in underlying NPATA for the 2025 financial year, but cautioned that FY26 will be a year of "moderate growth".
The numbers: The FY25 underlying NPATA figure came in at $475 million, up from $416 million in FY24, but below the average estimate of $478.6 million, according to Visible Alpha.
Underlying EBITA came in at $823 million, which is 10% higher than the $751 million reported in FY24, but shy of consensus forecasts of $826.6 million.
A final dividend of 25 cents per share was declared, flat with last year's payout and behind the 27 cents consensus expectation.
Worley said FY26 will be a year of "moderate growth" as the company continues to "navigate geopolitical uncertainty and shifting market dynamics". It is targeting higher growth in revenue than FY25, and growth in underlying EBITA.
The context: The group said total revenue growth of 4% during the period was driven by the Americas and EMEA regions, and the energy and resources sectors. However, revenue from the APAC region experienced a decline due to project completions, while the chemicals sector continued to experience softer conditions.
Worley noted that growth in earnings was "significantly higher" than the rate of growth in revenue, as the company benefitted from winning high-quality work.
The source: ASX
