United Arab Emirates · Delayed Price · Currency is AED Orascom Construction Earnings Call Transcripts
Fiscal Year 2026
-
H1 revenue rose 52.3% and EBITDA reached $200.9M, while net profit nearly doubled to $115.3M. Backlog climbed to $10.9B, led by U.S. data centers and MEA awards, amid geopolitical and working-capital risks.
-
Revenue rose 73.2% YoY to $1.47B, EBITDA doubled to $108.3M, and net profit doubled to $53.4M. Backlog reached $9.4B, while conflict-related cost pressures remain the key uncertainty.
Fiscal Year 2025
-
2025 saw robust revenue and profit growth, with a record backlog and strong cash position. U.S. data center and Middle East infrastructure segments drove performance, while force majeure clauses and diversification mitigated geopolitical risks.
-
The proposed combination is intended to create a larger infrastructure investment platform, with cash deployment targeted within 18-24 months. Management expects gross cash could exceed $2bn by early Q2 2026 and reaffirmed dividends as a core capital-allocation pillar.
-
9M revenue rose 47.8% YoY to $3.4 billion, while adjusted EBITDA grew 79.4% to $202 million excluding a $22 million legal-settlement gain. Backlog reached $8.6 billion; data centers and Middle East infrastructure underpin the growth outlook.
-
H1 revenue rose 32.4% and net profit increased 25% to $82.7m, with backlog at $9.6bn. Adjusted EBITDA grew strongly, while legal gains, early wind farm delivery and major data center awards shaped the results and outlook.
-
Q1 revenue rose 10.6% and EBITDA 43.1%, with $1.6B in new awards and an $8.7B backlog. U.S. weakness was attributed to timing, while MEA growth drove margins; full-year EBITDA margin guidance remains 7%.
Fiscal Year 2024
-
FY 2024 adjusted EBITDA rose 13.3% to $158.3M, while the $7.6B backlog supported 2025 EBITDA-margin guidance of 5%. Wind and WAVE projects are advancing, with cash generation and capital commitments shaping shareholder returns.
-
9M results featured an $8 billion backlog, higher adjusted EBITDA and net income margins, and positive operating cash flow. 2025 revenue is guided flat to up 5%-10%, with further bottom-line improvement expected, subject to currency and operating risks.
-
H1 adjusted EBITDA rose 29.4% to $74.8m, while adjusted net income increased 13.7% to $64.7m. A $7.7bn backlog and stronger U.S. operations support continued execution, though Egypt FX and inflation remain key uncertainties.