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Worley Limited (ASX:WOR)

ALERT: Price-sensitive ASX Announcement for WOR
Current share price for WOR : $10.540 -2.5 (-19.17%)+
Announcement
Release
26 Feb 2026 9:23AM
Price at Release
$13.040
Full Release
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Summary
Worley Limited's half-year results for FY2026 show an increase in aggregated revenue to $6,312 million, driven by growth in the energy and resources sectors. Despite this, segment EBITA declined by 8.4%, with a reduction in segment margin. The company experienced strong revenue growth in the Americas, stable performance in EMEA, and a slowdown in APAC. Efforts to streamline operations are underway, targeting significant cost savings. The normalized cash conversion was robust, but statutory NPATA declined due to restructuring expenses.
Key Points
  • Worley Limited reported a 5.4% increase in aggregated revenue, reaching $6,312 million for the first half of FY2026 compared to H1 FY2025.
  • Energy sector revenue grew by 8.8%, while chemicals decreased by 9.0%, and resources increased by 12.3%.
  • Segment EBITA declined by 8.4% to $504 million, with a corresponding decrease in segment margin from 9.2% to 8.0%.
  • The company saw strong revenue growth in the Americas, stable performance in EMEA, but a slowdown in APAC due to professional service project completions.
  • Normalized operating cash conversion stood at 95.5%, reflecting adjustments made for advance billings.
  • The company is targeting over $100 million in annualized savings from FY2027 through cost-out programs.
  • Worley maintained a dividend of 25 cents per share, in line with the previous period.
  • Significant transformation and restructuring costs were incurred, amounting to $82 million, impacting underlying earnings.
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.