GR Engineering Services (GNG) investor relations material

Executive summary

• HY26 revenue was $218.0 million, down 19.9% from $272.1 million in HY25, with EBITDA of $27.8 million and profit before tax of $25.0 million, all lower year-over-year.

• Net profit after tax was $17.2 million, a decrease from $21.8 million in HY25.

• The business maintained a strong cash position of $86.5 million at 31 December 2025, with no external debt.

• Operational performance remained solid, with high project execution levels and a growing pipeline.

• Major projects continued across mineral processing and energy segments, with a robust order book and high operational performance.

Financial highlights

• Revenue declined 19.9% year-over-year to $218.0 million.

• EBITDA was $27.8 million, down from $34.5 million in HY25.

• Net profit after tax was $17.2 million, compared to $21.8 million in HY25.

• Operating cash flow was $39.6 million, down from $56.1 million in the prior period.

• Fully franked dividends of 12.0 cents per share were paid and declared, up from 10.0 cents per share in the prior year.

Outlook and guidance

• FY26 revenue is forecast in the range of $500 million to $520 million, up from $479.0 million in FY25.

• Near-term revenue visibility remains high, supported by a strong order book and ongoing project activity.

• Tendering activity remains high, supporting future earnings visibility.