• Revenue of $273.3m and Normalised EBITDA of $27.5m
• Increase in average gross margin to 20.3%
• Record normalised EBITDA margin of 10.0%
• Successful acquisitions and strategic expansion

Duratec Limited (ASX: DUR) has announced its 1H FY26 financial results, reporting strong performance across key metrics. Revenue for the period was $273.3m, a 4.9% decrease on the prior corresponding period (PCP), while Normalised EBITDA increased by 2.0% to $27.5m. The company achieved a record Normalised EBITDA margin of 10.0% and a 3.5% increase in NPAT to $13.4m. Duratec's Managing Director, Chris Oates, commented on the results, highlighting the successful expansion and strategic acquisitions that have further strengthened the company's capabilities. This includes the integration of EIG and the acquisition of RGK Resources, which have bolstered the company's presence in the Oil and Gas maintenance and decommissioning sectors. Duratec also gained accreditation to ISO 19443, positioning the company to play a significant role in the provision of services to the nuclear industry. The company's order book has strengthened to $400m, up from $386m at 18 November 2025, with a tender pipeline of $1.8b and an overall pipeline of $4.6b. Duratec is poised for robust growth through the second half of FY26 and beyond, with key projects, strategic expansion, and significant infrastructure investment in the Defence and Energy sectors expected to drive operational growth.

Duratec expects to achieve robust growth in the second half of FY26, driven by a strengthened order book, expansion of MSA annuity work, and the execution of key projects such as the WPF's Varanus Island B Tank Modification and upcoming work at HMAS Stirling Garden Island. The company is also well-positioned to capitalize on significant infrastructure investment, including an $8 billion upgrade at HMAS Stirling Garden Island and more than $20 billion earmarked for Henderson.

Duratec is exceptionally well-positioned for continued growth, underpinned by a diverse project portfolio, strong order book, and strategic expansion initiatives. The company remains focused on delivering value to its clients and shareholders as it pursues new opportunities and executes its long-term growth strategy.