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Downer EDI Limited (ASX:DOW)

ALERT: Price-sensitive ASX Announcement for DOW
Current share price for DOW : $7.450 -0.28 (-3.62%)+
Announcement
Release
19 Feb 2026 8:56AM
Price at Release
$7.730
Full Release
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Summary
The HY26 Results Presentation for Downer EDI Limited outlines significant financial growth and operational adjustments for the half-year ending 31 December 2025. The company reported a statutory NPAT growth of 29.8% reaching $98.0m, driven by a 31.6% increase in EBIT and reduced impact from significant items. Revenue decreased by 10.7% to $4,918.8m. Downer has focused on portfolio simplification, divesting non-core and underperforming businesses to enhance financial performance and reduce risk. This included divestments in Keolis Downer Pty Ltd and other segments. The company emphasized its strategic focus on sectors like defence, energy, and utilities, aligning with government priorities and infrastructure projects. Downer is investing in transformation and technology improvements to boost efficiency, targeting a 6% EBITA margin by FY30. The report underscores the stability of its balance sheet, improved cash conversion rates exceeding 90%, and an increased interim dividend by 19.4% to 12.9cps. Downer continues to pursue sustainable growth through strategic investments and maintaining a balanced portfolio.
Key Points
  • Statutory NPAT grew 29.8% to $98.0m.
  • Revenue decreased by 10.7% to $4,918.8m.
  • Focused on portfolio simplification and divestments.
  • Strengthened balance sheet with net debt to EBITDA improving to 0.8x.
  • Interim dividend increased by 19.4% to 12.9cps.
  • Strategic focus on defence, energy, and utilities.
  • Investment in transformation and technology for efficiency.
  • Targeting a 6% EBITA margin by FY30.
  • Over 90% cash conversion rate achieved.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.