Key points
- Zero fatalities recorded in FY26
- Underlying EBIT(A) margin strengthened to 9.8%
- Adjusted Free Cash Flow: $182 million
- Final dividend of 4.50 cents per share
- Reinstated on-market buyback program
Full summary
Perenti Ltd has reported a successful financial year 2026, with notable achievements in safety, financial performance, and strategic initiatives. The company recorded zero fatalities, improved its Total Recordable Injury Frequency Rate (TRIFR) to 6.0, and its Serious and Potentially Incapacitating Injury Frequency Rate (SPIFR) to 2.8. Underlying revenue remained steady at $3.5 billion, while underlying Earnings Before Interest and Tax (EBIT) increased by 2% to $340 million. The underlying Earnings Before Interest, Tax, and Amortization (EBITA) margin improved to 9.8%. Perenti also delivered an adjusted free cash flow of $182 million, surpassing the guidance of over $170 million. The company's balance sheet remained strong with leverage at 0.4x. A final dividend of 4.50 cents per share was declared, bringing the total dividend for FY26 to 7.75 cents, a 7% increase from FY25. Additionally, the on-market buyback program was reinstated in line with the capital management strategy.
Guidance
FY27 Revenue: $3.45 billion to $3.65 billion; EBIT(A): $335 million to $355 million; Net capital expenditure: circa $370 million
Outlook
Perenti is well-positioned to capitalize on growth opportunities with a strong balance sheet and a robust tender pipeline of $20.0 billion.