Key points
- FY26 revenue of $570.3m, gross margin increased to 20.5%
- Record order book of $650.8m, up 66.9% from FY25
- Secured ISO 19443 accreditation for AUKUS nuclear supply chain
- Workforce grew to 1,580, zero lost time injuries achieved
- Strong outlook for FY27 with major projects in delivery phase
Full summary
Duratec Ltd presented its FY26 results, showing revenue of $570.3m, slightly down from $573.0m in FY25. Gross margin improved to 20.5% from 18.6%, normalized EBITDA increased to $58.5m, and net profit after tax rose to $23.8m. The company's order book grew significantly to $650.8m, a 66.9% increase from the previous year. Duratec secured ISO 19443 accreditation, enhancing its position in the AUKUS nuclear supply chain. The workforce expanded to 1,580 employees, and the company achieved zero lost time injuries. The company is well-positioned for FY27, with major projects in the delivery phase and a strong outlook.
Guidance
FY27 revenue expected to grow strongly, additional medium to large project wins expected
Outlook
Positive outlook for FY27 with strong delivery of major projects, including Diamantina Wharf and Darwin Ship Lift, and continued growth in all sectors.