• Revenue of $174.5 million, EBITDA of $29.6 million, NPAT of $18.3 million
• Diversified portfolio across geographies, commodities and clients
• Operational highlights include new project awards and advancing studies pipeline

Lycopodium Ltd, a leading global engineering and project delivery organisation, has reported strong financial and operational results for the first half of the 2026 financial year (1HFY2026). The company recorded revenue of $174.5 million, EBITDA of $29.6 million, and net profit after tax (NPAT) of $18.3 million, representing a 10.5% NPAT margin. Lycopodium's balance sheet remained robust, with $80 million in cash and minimal debt, and its equity increased by 3.7% compared to the full year FY2025. The company's diversified portfolio is reflected in its revenue and resource studies, which span a range of geographies, commodities, and client types. Operational highlights include the award of EPCM scope for the Tulu Kapi gold project in Ethiopia and the Blackwater Expansion Phase 1A gold project in Canada, as well as the award of design/FEED scope for several gold and copper projects across Africa and Australia. Lycopodium also continues to expand its global presence, with office expansions and new offices established in key markets. The company's focus on developing and retaining a high-performing workforce, leveraging technology and innovation, and disciplined risk management underpins its sustainable long-term growth.

Lycopodium updates its full year FY2026 guidance to revenue between $370 million and $410 million, and net profit after tax (NPAT) between $37 million and $41 million.

Lycopodium's outlook remains positive, supported by strong demand drivers across its key markets, including resources (gold, copper, critical minerals, lithium, uranium) and infrastructure. The company is well-positioned to leverage its expertise, geographic reach, and innovative capabilities to capture growth opportunities in these sectors.