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Worley Limited (ASX:WOR)

ALERT: Price-sensitive ASX Announcement for WOR
Current share price for WOR : $9.760 -2.06 (-17.43%)+
Announcement
Release
20 Apr 2026 8:51AM
Price at Release
$11.820
Full Release
download
Summary
Worley Limited has been affected by the conflict in the Middle East, which has resulted in delays to both existing and new projects. This has adversely impacted the company's financial outlook for FY26, with an estimated negative effect of $30 to $40 million on underlying EBITA. Although growth in underlying EBITA is now unlikely, Worley expects to maintain an EBITA margin of 9.0-9.5% and aims for higher revenue growth compared to FY25. The company's outlook depends on factors such as the conflict's duration and supply chain disruptions. Worley continues to identify growth opportunities in infrastructure and alternative energy sources, while maintaining dialogues with customers to support strategic responses to the conflict. The company will provide further updates as required.
Key Points
  • Extended conflict in the Middle East causes delays in existing and new projects.
  • Estimated adverse impact on FY26 underlying EBITA is $30 to $40 million.
  • Unlikely to achieve growth in FY26 underlying EBITA.
  • Expected underlying EBITA margin to be within 9.0-9.5%.
  • Targeting higher growth in aggregated revenue than FY25.
  • Impact factors include conflict duration, supply chain disruptions, and recovery pace.
  • Growth opportunities in pipeline, infrastructure, and alternate energy sources.
  • Ongoing conversations with customers for strategic responses to conflict.
  • Monitoring developments for further market updates.
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.