Impact of Middle East conflict and FX translation FY26
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| Stock | Worley Ltd (WOR.ASX) |
|---|---|
| Release Time | 25 Jun 2026, 9:02 a.m. |
| Price Sensitive | Yes |
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Worley Updates on Middle East Conflict and FX Impact for FY26
Key Points
- Middle East conflict delays projects, impacting FY26 EBITA by up to $60M
- Australian dollar's strength affects FY26 reported results, estimated at $50M
- No project cancellations, but delays in new project awards
Full Summary
Worley Limited provides an update on the FY26 impact of the Middle East conflict on its Middle East operations and services provided from outside the region. The ongoing conflict has caused project delays, increasing the estimated impact on FY26 underlying EBITA to up to $60 million. Additionally, the strengthening of the Australian dollar in the second half of FY26 will affect the conversion of foreign currency earnings, with an estimated translation impact of $50 million on FY26 reported underlying EBITA.
Guidance
FY26 underlying EBITA impact up to $60M, FX translation impact $50M
Outlook
Worley anticipates continued uncertainty due to the Middle East conflict and its effects on project timelines and financial performance.
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