Media Release - FY26 Results, Guidance and Equity Raising

Key points

• FY26 revenue of $493.2 million, EBITDA of $63.1 million
• Increased final dividend to 13.0 cents per share
• Forecasting FY27 revenue between $825 million to $850 million
• Undertaking equity raising initiatives to support growth
• Diversified commodity base with over 60% revenue from non-gold commodities in FY27

Full summary

GR Engineering Services Limited (ASX:GNG) announced its financial results for the financial year ended 30 June 2026 (FY26). The company reported revenue of $493.2 million, an EBITDA of $63.1 million, and a profit before tax of $57.6 million. The Group achieved higher revenue and EBITDA compared to the prior year, driven by high levels of project execution across its businesses. The Group also increased its final dividend to 13.0 cents per share, resulting in total FY26 dividends of 25.0 cents per share, fully franked. The Group is forecasting significant growth for FY27 with revenue expected to be in the range of $825 million to $850 million, representing a 67% to 72% increase on FY26 revenue. To support this growth, the Group is undertaking strategic capital initiatives, including an institutional placement to raise up to $100 million and a share purchase plan targeting to raise up to $10 million.

Guidance

FY27 revenue expected to be in the range of $825 million to $850 million

Outlook

The Group expects FY27 revenue to be in the range of $825 million to $850 million, with over 90% of the high end secured based on contracted projects. The Group is well-positioned to deliver on the contracted and near-term pipeline of work for FY27 and FY28.