Australia · Delayed Price · Currency is AUD Perenti Earnings Call Transcripts
Fiscal Year 2026
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FY2026 delivered record underlying EBITA, AUD 182m adjusted free cash flow and no fatalities. Management highlighted a ~AUD 20bn pipeline, portfolio focus after the BTP sale, and stronger STI deferral for the CEO in FY2027.
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Record EBITA and strong margins were achieved on steady revenue, with portfolio shifts toward Australia and North America and disciplined capital allocation. Divestments and asset sales are set to unlock over AUD 150 million for reinvestment, supporting a robust outlook and rising shareholder returns.
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First half FY 2026 delivered record EBITDA, 12% EPS growth, and a strengthened balance sheet. Outlook remains positive with a robust pipeline, increased free cash flow guidance, and strong growth prospects in North America and Australia.
Fiscal Year 2025
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Record financial results, a 21% dividend increase, and strong share price growth were reported. The CEO succession process began, with a focus on board renewal and strategic expansion, including a major US contract. All resolutions passed with strong support, except the withdrawn CEO LTI grant.
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Record FY25 results with revenue up 4% to $3.5B, EBITDA up 6% to $333M, and free cash flow at $286M. FY26 guidance targets further growth, with 95% of contract mining revenue secured and margin improvement expected. Net leverage reduced to 0.5x, supporting future expansion.
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Record half-year revenue and EBITDA were achieved, with strong contract mining and drilling services performance. Guidance for FY 2025 is reaffirmed, with a stronger second half expected and a focus on cash flow, debt reduction, and dividends.
Fiscal Year 2024
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Record FY 2024 results were achieved with strong revenue, margin, and free cash flow growth, supported by successful integration of DDH1 and operational efficiencies. FY 2025 guidance anticipates moderate growth, further leverage reduction, and continued focus on safety and sustainability.