• Delivered strong financial performance in FY2025 with revenue of $339.6m and NPAT of $42.2m
• Expanded global footprint with acquisition of SAXUM, enhancing capabilities and presence in the Americas
• Maintained excellent safety record despite significant increase in controlled workhours

Lycopodium is a leading global engineering and project delivery organisation with over 1,300 staff globally and 18 offices across the world. The company has a diverse portfolio of projects spanning the resources, industrial processes/energy and rail infrastructure sectors, delivering bespoke and innovative solutions to a broad and diverse client base.In FY2025, Lycopodium delivered a strong financial performance, with revenue of $339.6m and NPAT of $42.2m, at the top end of the guidance provided earlier in the year. This was predominantly driven by EPCM projects, reflecting a change from preceding years where EPC projects had provided supplementary revenue. The company's margin normalised to sustainable levels, with NPAT margin well above the target of 10%.Lycopodium continued to expand its global footprint, with the strategic acquisition of SAXUM, a multi-disciplinary engineering and project management services firm with operations in Argentina, Brazil and the USA. This acquisition has enhanced Lycopodium's capabilities and provided access to the attractive South American market, increasing the company's total addressable market by over 40%.The company also made significant investments in its systems, processes and people, driving consistency, efficiency and global work sharing across its offices. This, combined with a continued focus on safety, has enabled Lycopodium to maintain an excellent safety record despite a significant increase in controlled workhours over the past five years.Looking ahead, Lycopodium is well-positioned to capitalise on the favourable demand drivers across its key sectors, including the growing demand for critical minerals to support the energy transition, the robust outlook for gold, and the opportunities presented by Australia's 'Future Made in Australia' agenda and ongoing investment in rail infrastructure.

For FY2026, Lycopodium expects to deliver another strong financial performance, with the current view indicating the company will return another strong financial performance, building on the results achieved in FY2025.

Lycopodium's outlook is supported by favourable macroeconomic and industry drivers, including the growing demand for critical minerals to support the energy transition, the robust outlook for gold, and the opportunities presented by Australia's 'Future Made in Australia' agenda and ongoing investment in rail infrastructure. The company will continue to update the market accordingly and provide FY2026 guidance at its AGM in November.