REVISED GUIDANCE FOR FY25 AND BUSINESS UPDATE
| Stock | Duratec Ltd (DUR.ASX) |
|---|---|
| Release Time | 23 May 2025, 8:51 a.m. |
| Price Sensitive | Yes |
Duratec Revises FY25 Guidance, Provides Business Update
- FY25 revenue guidance revised to $570m-$585m due to project delays and weather disruptions
- FY25 EBITDA guidance adjusted to $50m-$53m
- Strong performance in May-June providing confidence into FY26
- Delayed projects expected to be awarded in coming months
Duratec Limited has revised its guidance for revenue and normalised EBITDA for FY25, reflecting the impact of external factors on project delivery in the second half of the financial year. Revenue guidance has been revised downward to a range of $570m - $585m from $600m - $640m, while EBITDA guidance has been adjusted to a range of $50m - $53m from $52m to $56m previously. The guidance is based on the earnings from year-to-date work delivered plus the company's forward forecast assumptions. Despite strong underlying demand and a robust pipeline, several high-probability projects experienced delays in award, particularly in the Defence and Mining sectors. However, the company remains confident that these sectors will continue to be dominant drivers of growth. After a slow start to the calendar year due to late unseasonal weather, May and June are showing strong performance, and the company expects the delayed projects to be awarded in the coming months, supporting positive momentum into 1H FY26. Duratec's order book remains strong, with continued positive momentum in tendering to support the pipeline. The company's strategic diversification, particularly in the Energy sector, together with continued success in project awards across most sectors, is expected to support margin resilience and revenue recovery. Duratec is well-positioned to deliver sustainable growth into FY26 and beyond.
FY25 revenue guidance revised to $570m - $585m, FY25 EBITDA guidance adjusted to $50m - $53m.
Duratec remains confident in the resilience of its business model and the strength of its team. The company's strategic diversification, particularly in the Energy sector, together with continued success in project awards across most sectors, is expected to support margin resilience and revenue recovery, positioning Duratec well to deliver sustainable growth into FY26 and beyond.