ASX release - Full year results 2025
| Stock | Worley Ltd (WOR.ASX) |
|---|---|
| Release Time | 27 Aug 2025, 8:42 a.m. |
| Price Sensitive | Yes |
Worley Ltd reports strong FY25 results
- Aggregated revenue of $12,050 million, up 4% on prior year
- Underlying EBITA of $823 million, up 10% on prior year
- Underlying NPATA of $475 million, up 14% on prior year
- Strong bookings at $17.1 billion, up 32% since 30 June 2024
- Backlog up 22% to $16.9 billion
Worley Ltd (ASX: WOR) has reported its full year results for the twelve months ended 30 June 2025 (FY25), delivering another strong performance with growth in revenue, earnings, and margins. Statutory net profit after tax (NPATA) was $475 million, up 29% on the prior corresponding period (pcp). Underlying earnings before interest and tax (EBITA) grew 10% on pcp to $823 million, in line with outlook expectations despite ongoing shifts in market dynamics. Aggregated revenue for the full year was $12,050 million, up 4% on pcp, with continued growth in contributions from the Americas and EMEA regions, and the energy and resources sectors. Underlying EBITA margin on aggregated revenue excluding procurement increased to 9.2%, up from 7.9% pcp. Worley's strong capital management position reflects prudent cash flow management and balance sheet strength, supporting the company's growth plans and returning capital to shareholders. Despite global uncertainty, Worley has continued to record strong bookings, which have increased 32% since 30 June 2024 to $17.1 billion, with strong wins in each of the energy, chemicals and resources sectors. Backlog is now $16.9 billion, representing an increase of 22% since 30 June 2024. Worley remains well positioned with a diversified business model, commercial and financial discipline, a strong balance sheet, and favorable long-term market trends driving demand in its customers' end markets.
For the current financial year, Worley is targeting higher growth in revenue than FY25, growth in underlying EBITA, and expects the underlying EBITA margin (excluding procurement) to be within a range of 9.0 - 9.5%.
Beyond FY26, Worley is encouraged by a stronger growth trajectory emerging, supported by the quality of its backlog and pipeline, and favorable long-term market trends.