• Reported FY25 revenue of $479.0 million and EBITDA of $57.2 million
• Safely and successfully delivered multiple projects including Mungari Future Growth, Kathleen Valley Lithium Backfill, and Woodlawn Restart
• Continuing engineering, design and construction works on major projects including King of the Hills, Eloise Copper Expansion, and Kainantu Gold

GR Engineering Services Limited (the Group) reported FY25 revenue of $479.0 million (FY24: $424.1 million) and EBITDA of $57.2 million (FY24: $50.9 million). The Group safely and successfully delivered multiple projects including the Mungari Future Growth Project, Kathleen Valley Lithium Backfill Project, Woodlawn Restart Project and Bellevue Optimisation works. During FY25, GR Engineering completed its transitional and handover works relating to BHP's West Musgrave Project. Engineering, design and construction works are continuing on major projects including the King of the Hills Operations Stage 1 and Stage 2 Upgrade Projects, Eloise Copper Expansion Project, Kainantu Gold Project and Lake Way Upgrade Project. GR Production Services (GRPS) has been able to successfully increase its revenue and earnings visibility based on contract extensions awarded during FY25 including the Santos' Cooper Basin and Surat Basin extensions. Mipac and Paradigm continued to deliver control systems, automation and digital solutions for key repeat clients around the globe including First Quantum, BHP, Rio Tinto, Glencore Technology, Ok Tedi, Anglo American and other conglomerates. The Group's contracted and near-term pipeline across the business is solid and continuing to grow, and the Group's medium to long term visibility for project and production services work also remains high. The Group Total Reportable Injury Frequency Rate for FY25 was 4.74. The Board resolved to increase the final dividend to 12.0 cents per share, resulting in total FY25 dividends of 22.0 cents per share fully franked (FY24: 19.0 cents per share fully franked). Based on the Group's share price on 19 November 2025, this represents a dividend yield of 5.5%. The Group maintained a strong balance sheet with a net cash balance of $70.9 million (30 June 2024: $74.6 million) and no borrowings as at 30 June 2025.

The Group expects revenue for FY26 to be in the range of $500 million to $520 million (FY25 revenue: $479.0 million).

The Group's contracted and near-term pipeline is solid and is continuing to grow. GR Engineering is involved in multiple ongoing FEED and early contractor involvement engagements and is working on a high volume of studies across a broad range of commodities and geographies. GRPS is actively bidding on multiple operations and maintenance contract tenders in the energy sector. Mipac and Paradigm are achieving higher utilisation in the current year and near-term revenue visibility remains high. The Group will continue to assess potential strategic growth opportunities that provide scale, diversity and technical expertise to the business.