Duratec Limited (ASX:DUR)

ALERT: Price-sensitive ASX Announcement for DUR

Current share price for DUR : $2.080 -0.06 (-2.80%)⁺

Announcement

FY26 Appendix 4E

Release

26 Aug 2026 8:11AM

Price at Release

$2.140

Full Release

Summary

Duratec Limited's FY26 Appendix 4E report highlights a slight decrease in revenue from ordinary activities by 0.5% compared to the previous year, with total revenue standing at $570.3 million. The net tangible asset backing per share decreased from 24.26 cents to 23.67 cents. The company maintained its dividend payout with a final dividend of 2.5 cents per share, fully franked, for both 2025 and 2026. During the year, Duratec expanded its operations by acquiring several entities, including AMD Electrical Pty Ltd and Hunter Coatings Pty Ltd. Additionally, a joint venture was formed with Proxima Energy, giving Duratec a 70% stake in DXP Energy Solutions. Despite these strategic expansions, the total comprehensive income declined due to increased operational expenses. The report, verified by the Board, has been released to the ASX as per compliance requirements.

Key Points

Revenue from ordinary activities was slightly down by 0.5% to $570.3 million.
Net tangible asset backing per share decreased from 24.26 cents to 23.67 cents.
Final dividend for 2025 was 2.5 cents per share and for 2026 is also 2.5 cents, fully franked.
Duratec acquired several entities including AMD Electrical Pty Ltd and Hunter Coatings Pty Ltd.
Duratec formed a joint venture with Proxima Energy, resulting in a 70% ownership of DXP Energy Solutions.
Total comprehensive income decreased due to increased expenses in various domains.
The Appendix 4E report is authorized by the Board of Directors for ASX release.

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.