Australia · Delayed Price · Currency is AUD Worley Earnings Call Transcripts
Fiscal Year 2026
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Ambitious FY 2030 targets include double-digit EBITDA CAGR, driven by organic growth, AI-enabled project delivery, and expansion into future-facing markets. Strong cost discipline, risk management, and strategic partnerships underpin resilience and scalability, with new leadership roles supporting execution.
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Revenue grew 5.4% year-over-year to AUD 6.3 billion, with bookings up 63% and strong project wins driving backlog and earnings resilience. Restructuring costs impacted statutory NPATA, but cost-out initiatives and a robust balance sheet support ongoing growth and margin expansion.
Fiscal Year 2025
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Revised summary: The AGM reported strong financial growth, with higher revenue and EBITDA, and a stable dividend. Focus remains on sustainability, digital innovation, and global projects. Board renewal and governance were emphasized. Shareholders raised concerns on dividends and executive pay, addressed by the Board citing capital discipline and performance alignment.
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Delivered fourth consecutive year of growth with revenue up 4% and underlying EBITDA up 10%. Backlog rose 22% to $16.9B, with strong performance in energy and resources. FY 2026 targets higher revenue growth and EBITDA margin of 9%-9.5%.
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Reorganization of executive roles and digital innovation are driving operational efficiency and growth, with FY2025 guidance reconfirmed for low double-digit EBITDA growth and 8–8.5% margins. Backlog and bookings are up, supported by a diversified pipeline and strong financial discipline.
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Half-year FY2025 results showed 6.8% revenue growth and 9% EBITDA growth, with margin expansion and strong cash conversion. A $500 million share buyback and interim dividend were announced, and the outlook for FY2025 remains positive, supported by a diversified backlog and robust pipeline.
Fiscal Year 2024
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Record revenue and earnings were achieved, with over half of revenue now from sustainability-related work. Shareholders raised concerns about stagnant dividends and executive pay, while the board emphasized ongoing investment in digital and sustainability initiatives. All resolutions were put to a poll, with one constitutional change withdrawn.
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Record revenue and earnings were achieved, with strong margin expansion and robust cash conversion. FY 2025 is expected to see moderate growth amid ongoing macroeconomic headwinds, with continued investment in digital and sustainability initiatives.