Worley

WOR.ASX

Industrials

Provider of professional services to help our customers meet the world's changing energy, chemicals and resources needs.

Market Data

Price

$12.985

+0.0%
Market Cap

$6.3B

P/E Ratio

19.7x

EPS

$0.657

Div. Yield

3.86%

52-Week Change

+0.1%

Latest Earnings

ASX release - Half year results 2026

26 February 2026

Revenue
$6,312
+5.4% YoY
NPAT
$207.00
-4.2% YoY
Dividend
$0.25

Worley reported solid HY26 results with revenue growing 5.4% to $6.31B despite earnings declining slightly, with underlying NPAT down 4.2% to $207M. Strong momentum in bookings ($9.8B, up 63%) and backlog ($16.7B) supports growth outlook, while the company targets restructuring savings of over $100M annually from FY27. Management reaffirmed moderate growth guidance for FY26 with higher revenue than FY25. Key points: Strong bookings of $9.8B, up 63% from prior half, demonstrating customer confidence; Healthy backlog of $16.7B with potential to add over $3.5B from recent contract wins since January 2026; Underlying EBITA margin excluding procurement improved to 8.8% from 8.4% pcp

Recent Announcements

20 Apr 2026 Guidance Negative

Conflict in the Middle East and impact on Group Outlook

Worley Limited reports that Middle East conflict is impacting its business operations, with estimated adverse impact of $30-40 million to FY26 underlying EBITA, causing project delays and postponed new project awards, though no cancellations have occurred to date. The company now expects underlying EBITA margin to remain at 9.0-9.5% but unlikely to achieve EBITA growth in FY26, while identifying longer-term growth opportunities in regional infrastructure and energy security.

2 Apr 2026 Sph Neutral

Becoming a substantial holder

Allan Gray Australia Pty Ltd (Allan Gray Australia) became a substantial holder (5.11%).

24 Mar 2026 Sph Neutral

Ceasing to be a substantial holder

Allan Gray Australia Pty Ltd (Allan Gray Australia) ceased to be a substantial holder.

17 Mar 2026 Sph Neutral

Becoming a substantial holder

Allan Gray Australia Pty Ltd (Allan Gray Australia) became a substantial holder (5.00%).

16 Mar 2026 Sph Neutral

Ceasing to be a substantial holder

Address ceased to be a substantial holder.

26 Feb 2026 Supplementary Neutral

ASX presentation - Half year results 2026

This is Worley Limited's half-year results presentation for the period ended 31 December 2025, showing aggregated revenue of $6,312m (up 5.4% from H1 FY25) and underlying EBITA of $377m, with the company targeting $100m+ annualized cost savings from FY27 onwards and reaffirming moderate growth outlook with underlying EBITA margin guidance of 9.0-9.5% for FY26.

26 Feb 2026 Actual Results Neutral

ASX release - Half year results 2026

Worley reported solid HY26 results with revenue growing 5.4% to $6.31B despite earnings declining slightly, with underlying NPAT down 4.2% to $207M. Strong momentum in bookings ($9.8B, up 63%) and backlog ($16.7B) supports growth outlook, while the company targets restructuring savings of over $100M annually from FY27. Management reaffirmed moderate growth guidance for FY26 with higher revenue than FY25. Key points: Strong bookings of $9.8B, up 63% from prior half, demonstrating customer confidence; Healthy backlog of $16.7B with potential to add over $3.5B from recent contract wins since January 2026; Underlying EBITA margin excluding procurement improved to 8.8% from 8.4% pcp

26 Feb 2026 Actual Results Negative

Appendix 4D and Interim Financial Report

Worley reported a challenging half year with underlying earnings remaining stable at $174M but statutory profit falling 35% to $119M due to $82M in transformation and restructuring costs. Aggregated revenue grew 5% to $6.3B driven by higher procurement margins, though EBITA margins compressed from 6.3% to 6.0%, indicating operational pressures amid the business restructuring. Key points: Aggregated revenue increased 5% to $6.3B with procurement revenue at margin growing 35%; Underlying NPAT of $174M remained relatively stable with only 5% decline; Successfully completed internal organizational restructure aligned with strategic priorities

17 Feb 2026 Date Announcement Neutral

Earnings Release - 26 February 2026

Upcoming earnings release expected 26 February 2026 (from Yahoo Finance (confirmed))

27 Aug 2025 Supplementary Neutral

ASX presentation - Full year results 2025

Worley Limited reported full-year FY25 results with aggregated revenue of $12,050m (up 4%) and underlying EBITA of $823m (up 10%), with EBITA margin improving 130 basis points to 9.2%, supported by major project execution phases and strong bookings of $17.1bn (up 32%), while the company declared a final dividend of 25 cents per share.

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