Gr Engineering Services Limited
GNG.ASXMaterials
The provision of process engineering, design and construction services to the mining and minerals processing industries.
Market Data
$5.240
+0.0%$888.9M
30.2x
$0.173
4.60%
+0.1%
Latest Earnings
Half Year Financial Report and Appendix 4D
20 February 2026
GR Engineering Services reported a 19.9% decline in revenue to $218.0 million for HY26, with net profit falling 21.0% to $17.2 million compared to the prior year. Despite lower results, the company maintained a strong balance sheet with $86.5 million cash and no debt, and declared an increased interim dividend of 12.0 cents per share. Key points: Strong cash position of $86.5 million with no external debt; Significant new contracts secured including $155M King of the Hills project; Increased interim dividend to 12.0 cents per share (up from 10.0 cents)
Recent Announcements
Market Update - Tower Hill Gold Project
GR Engineering Services Limited (ASX: GNG) has been advised by Genesis Minerals Limited that its proposed acquisition of Vault Minerals may result in synergies that could avoid construction of the Tower Hill process plant, potentially impacting GR Engineering's $229 million EPC contract awarded in May 2026. GR Engineering confirms no adverse impact to FY2026 results and states its contracted pipeline remains strong for FY2027.
HY26 Financial Results - Media Release
GR Engineering reported HY26 revenue of $218.0M (down 19.9% from $272.1M) and EBITDA of $27.8M (down 19.4% from $34.5M), reflecting lower project volumes but maintaining consistent margins. Despite the revenue decline, the Board increased the interim dividend to 12.0 cps (up from 10.0 cps) and provided FY26 revenue guidance of $500-520M, indicating confidence in the outlook with a solid contracted pipeline. Key points: Interim dividend increased 20% to 12.0 cps (fully franked) despite lower earnings; Strong cash position of $86.5M, up from $71.0M at FY25; Solid contracted pipeline continuing into second half of FY26 and FY27
Half Year Financial Report and Appendix 4D
GR Engineering Services reported a 19.9% decline in revenue to $218.0 million for HY26, with net profit falling 21.0% to $17.2 million compared to the prior year. Despite lower results, the company maintained a strong balance sheet with $86.5 million cash and no debt, and declared an increased interim dividend of 12.0 cents per share. Key points: Strong cash position of $86.5 million with no external debt; Significant new contracts secured including $155M King of the Hills project; Increased interim dividend to 12.0 cents per share (up from 10.0 cents)
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