Australia · Delayed Price · Currency is AUD Downer EDI Earnings Call Transcripts
Fiscal Year 2026
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EBITDA rose 11% to AUD 227 million with margin expansion, strong cash flow, and a robust balance sheet. Work in hand grew 8.9% to AUD 38.2 billion, supporting future growth, while FY 2026 guidance targets further margin and earnings improvement despite slightly lower revenue.
Fiscal Year 2025
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The meeting highlighted strong financial and operational progress, increased dividends, and a successful transformation program. Board renewal, enhanced risk management, and technology adoption were emphasized, while all resolutions were recommended for approval.
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Strong margin and earnings growth driven by portfolio simplification, cost discipline, and focus on quality revenue, despite a slight revenue decline due to divestments. FY 2026 guidance targets margin improvement with flat to slightly lower revenue, supported by a robust pipeline and ongoing transformation investments.
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Pro-forma EBITA rose 37% to AUD 204.4 million with margin up to 3.7%, driven by cost-out and portfolio simplification. FY2025 NPATA is targeted at AUD 265–280 million, with ongoing EBITA improvement expected across all segments despite varied market conditions.
Fiscal Year 2024
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The AGM highlighted strong financial improvements, a renewed board, and ongoing transformation, including cost reductions, divestments, and a new high-performance culture. Safety, sustainability, and risk management were emphasized, with all resolutions put to poll and results to be announced.
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Delivered strong margin and earnings growth, driven by cost reductions, portfolio simplification, and improved risk governance. Outlook for FY 2025 is positive, with a focus on margin expansion and quality of earnings, though revenue is expected to be flat.