• Revenue of $479.0 million and EBITDA of $57.2 million
• Completed major projects including Mungari Future Growth, Kathleen Valley Lithium Backfill, and Woodlawn Restart
• Subsidiary GR Production Services achieved higher revenue and EBITDA

During the year under review, GR Engineering Services Limited achieved revenue of $479.0 million (FY24: $424.1 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) of $57.2 million (FY24: $50.9 million). The company safely and successfully delivered multiple major and minor projects during the year, including the Mungari Future Growth Project, Kathleen Valley Lithium Backfill Project, and the Woodlawn Restart Project. GR Engineering's wholly owned subsidiary, GR Production Services (GRPS), achieved higher revenue and EBITDA results for FY25 and continued to build its contracted and near-term pipeline of work. However, the results of Mipac and Paradigm were impacted by the temporary suspension of work at West Musgrave and the deferrals of key projects into FY26. Both businesses are forecasting revenue and EBITDA growth in FY26. The consolidated group was able to achieve an improved EBITDA result compared to FY24, driven by solid operational performance across the group. Revenue visibility remains strong based on the contracted and near-term pipeline of work and the high level of study work across a broad range of commodities.

The company intends to provide FY26 guidance at its 2025 Annual General Meeting, to be held on 21 November 2025, when it is likely to have more certainty in relation to the timing of key projects.

GR Engineering has a solid order book and has been building its pipeline for FY26 and future periods. The company is forecasting revenue and EBITDA growth in FY26 across its various business units.