Perenti Ltd (AUSDF) (FY 2026) Earnings Call Highlights: Record EBIT and Strategic Pivot Drive ...
Perenti Ltd reported record EBIT of $340 million for FY2026, driven by a strategic pivot toward Tier 1 jurisdictions in Australia and North America. The company maintained strong financial health with record-low leverage and announced a final dividend for shareholders.
Why it matters
The company's performance reflects broader trends in the mining services sector, specifically the shift toward stable, high-value geographic markets.
Perenti Ltd (AUSDF) (FY 2026) Earnings Call Highlights: Record EBIT and Strategic Pivot Drive ... GuruFocus News Mon, August 24, 2026 at 3:00 AM EDT 6 min read PRN.AX -3.69% AUSDF -4.44% This article first appeared on GuruFocus .
Revenue: $3.46 billion, broadly flat year on year.
EBIT(A): Record $340 million, up 2% on FY25.
Underlying NPAT(A): Increased 8% to $192 million.
Underlying EPS: Increased 7% to $0.205 per share.
Free Cash Flow: $181.6 million on an adjusted basis, exceeding guidance.
Leverage: 0.4 times, with gearing at 12.8%.
Dividend: Final dividend of $0.045 per share, bringing the total FY26 dividend to $0.0775 per share.
Contract Mining Revenue: $2.4 billion, with EBIT(A) of $291 million.
Drilling Services Revenue: $843 million, with record EBIT(A) of $85 million.
Mining and Technology Services Revenue: $190 million, with EBIT(A) of $11 million.
Depreciation Expense: Decreased by $23 million to 9% of revenue.
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