ASX release - Half year results 2026
| Stock | Worley Ltd (WOR.ASX) |
|---|---|
| Release Time | 26 Feb 2026, 9:22 a.m. |
| Price Sensitive | Yes |
Worley reports solid half year results, targeting moderate growth
- Aggregated revenue up 5.4% to $6,312 million
- Underlying EBITA steady at $377 million
- Underlying NPATA down 4.2% to $207 million
- Strong bookings of $9.8 billion, up 63%
- Backlog at $16.7 billion, with momentum in major project wins
Worley Limited (ASX: WOR) reported its half year results for the six months ended 31 December 2025 (HY26). Statutory net profit after tax (NPATA) was $152 million. Underlying earnings before interest and tax (EBITA) remained steady on the previous corresponding period (pcp) at $377 million excluding $82 million pre-tax costs associated with transformation and business restructuring. Underlying NPATA was $207 million, down 4.2% on pcp. Aggregated revenue grew 5.4% on pcp to $6,312 million, driven by higher construction, fabrication and procurement activity on major projects. The energy and resources sectors were the largest contributors to growth, while the chemicals sector continued to experience softer conditions. Worley recorded strong bookings of $9.8 billion over the six-month period, up 63% from the prior half, with wins across the energy and resources sectors. The company's backlog remains healthy at $16.7 billion, with momentum in major project wins this calendar year. Worley is now laying the foundations for the company's next phase of growth, targeting future-facing growth markets beyond its core energy, chemicals and resources sectors. The company reconfirmed its moderate growth outlook for the current financial year, targeting higher growth in aggregated revenue than FY25 and growth in underlying EBITA.
Worley is targeting moderate growth in aggregated revenue higher than FY25 and moderate growth in underlying EBITA for the full year FY26.
Worley is positioning for the next phase of growth, embracing agility to expand its addressable markets. The company is simplifying and removing legacy complexity, restructuring operations to deliver more efficiently, and repositioning and expanding capability in areas of higher customer and market demand. These actions are expected to result in over $100 million of annualized cost savings from FY27 onwards.