Australian engineering, construction, and remediation contractor Duratec Limited (Duratec or the Company) (ASX: DUR) is pleased to announce its financial results for the year ended 30 June 2026 (FY26)
Highlights include:
- Record order book of $650.8m (up 67% on FY25), supported by a substantial tender and pipeline position
- Revenue of $570.3m, broadly in line with FY25
- Record normalised EBITDA of $58.5m (up 10.5% on FY25), with EBITDA margin increasing to 10.3% (FY25: 9.2%)
- Record Net Profit After Tax of $23.8m (up 4.1% on FY25), with increased Earnings Per Share of 9.25 cents
- Final fully franked dividend of 2.5 cents per share, bringing total FY26 dividend to 4.25 cents per share
- Strong cash position of $78.8m at 30 June 2026
Duratec has reported a solid FY26 result, delivering record EBITDA, NPAT and margins while broadly maintaining revenue at FY25 levels.
A key highlight was the Company’s record order book of $650.8 million, up 67% on FY25, supported by a tender pipeline of $1.3 billion and broader market opportunities worth $4.8 billion.
Performance was supported by growth across several sectors. Building & Facade achieved record revenue of $138.8 million, up 24.1% on FY25, Energy revenue increased 11% to $91.6 million, and Emerging Sectors, including Marine, Transport Infrastructure and Water Infrastructure, grew 11.8% to $67.8 million.
Duratec continued to strengthen its portfolio during FY26, through the acquisition of EIG, RGK Resources, PWA and Hunter Coatings, and the establishment of DXP Energy Solutions and Atec Facades. These complementary businesses expand Duratec’s capability across technical advisory, inspection, fuel infrastructure, engineering, fabrication, maintenance, façade construction and decommissioning, and broaden the Group’s participation across the asset lifecycle, enhance self-perform capability and support earlier client engagement through Duratec’s integrated service.
Looking ahead, Duratec expects continued demand across Defence, Energy, Mining, Building & Facade and essential Infrastructure markets, positioning the Company for sustained growth and long-term shareholder value.
Duratec’s Managing Director, Chris Oates, commented on the FY26 Result:
“FY26 was another year of solid operational performance for Duratec. While revenue was broadly in line with the prior year, we delivered record EBITDA, NPAT and EBITDA margin through disciplined project selection, strong project execution and the continued expansion of our self-perform capability.
“During the year we continued to strengthen the Group through targeted acquisitions, enhancing our capability across fuel infrastructure, asset integrity, specialist coatings, fabrication, engineering and decommissioning. These investments broaden our participation across the asset lifecycle and position Duratec to capture a larger share of growing maintenance, integrity and sustainment markets.
“Importantly, we enter FY27 with a record order book of $650.8m, reflecting a number of strategically significant projects secured during FY26 now progressing into delivery, a diversified pipeline of opportunities and a strong balance sheet. Combined with increasing recurring revenue through Master Service Agreements and annuity-style contracts, we believe Duratec is well positioned to capitalise on opportunities across its key markets and continue creating long-term value for shareholders.”
Visit Duratec’s Investor Dashboard to read the full announcement.
