Gr Engineering Services Limited

GNG.ASX

Materials

The provision of process engineering, design and construction services to the mining and minerals processing industries.

Market Data

Price

$5.830

+0.0%
Market Cap

$982.6M

P/E Ratio

33.8x

EPS

$0.173

Div. Yield

4.12%

52-Week Change

+0.3%

Latest Earnings

Half Year Financial Report and Appendix 4D

20 February 2026

Revenue
$218.00
-19.9% YoY
NPAT
$17.20
-21.0% YoY
EPS
$0.10
Dividend
$0.12

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

20 Feb 2026 Supplementary Neutral

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

20 Feb 2026 Actual Results Neutral

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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