• Delivered earnings growth at a higher rate than revenue
• Increased margins and maintained a strong cash result
• Confident in long-term growth, with markets positively leveraged to global megatrends

Worley Ltd has reported a strong set of results for the first half of FY25, with the company delivering earnings growth at a higher rate than revenue. The company's aggregated revenue grew by 6.8% to $5,989 million, while underlying EBITA increased by 9.0% to $376 million. Worley's underlying EBITA margin, excluding procurement, expanded by 0.9 percentage points to 8.4%. The company's cash conversion remained strong at 97.5%, down from 141.4% in the prior corresponding period. Worley's strategic focus and deliberate actions have driven these strong results, with the company harnessing global trends and seeing growing investments in the energy, chemical, and resources markets. The company's diversification across sectors, regions, and contract types has provided stability and growth, and it continues to invest in developing its people and capabilities. Worley remains confident in its long-term growth prospects, with its markets positively leveraged to global megatrends and investment momentum continuing to build over the medium to long term.

Worley is on track to achieve its FY25 outlook, with the company targeting low double-digit EBITA growth.

Worley is confident in its long-term growth prospects, with its markets positively leveraged to global megatrends and investment momentum continuing to build over the medium to long term. The company is successfully executing its strategy, supporting high single-digit EBITA margins over time and maintaining its double-digit EBITA CAGR.