InvestSMART

Downer EDI Limited (ASX:DOW)

ALERT: Price-sensitive ASX Announcement for DOW
Current share price for DOW : $6.370 -1.08 (-14.50%)+
Announcement
Release
20 Aug 2026 9:24AM
Price at Release
$7.450
Full Release
download
Summary
Downer EDI Limited's FY26 results show substantial profit growth driven by a 51.2% increase in statutory NPAT and a 30.1% rise in statutory EBITA. The company achieved significant efficiency through corporate transformation and cost management, enhancing margins despite a drop in total revenue to $9.8 billion. Underlying NPATA grew by 9.8%, and strong cash conversion exceeded targets. The FY26 results also reflect the impact of divestments aimed at optimizing the business portfolio.
Key Points
  • Downer EDI Limited reported a 11% increase in net profit after tax for FY26 compared to FY25.
  • Underlying NPATA increased by 9.8%, while statutory NPAT rose by 51.2%.
  • Statutory EBITA experienced a significant increase of 30.1% due to reduced significant items and improved business performance.
  • Effective tax rate slightly increased to 29.5%.
  • Downer achieved a total revenue of approximately $9.8 billion, which was a decline from the previous year.
  • Corporate transformation led to a more efficient model with cost reductions in headcount and corporate functions.
  • Significant cost savings were realized in insurance, partially offset by increases in salaries and IT services.
  • Cash conversion rate was strong at 91.1%, exceeding the target of 90%.
  • The company completed several divestments as part of its portfolio optimization strategy.
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.