Lycopodium (LYL) investor relations material

Executive summary

• Achieved $174.5 million in revenue and $18.3 million NPAT for 1H FY26, with a 10.5% NPAT margin, meeting internal targets and supported by strong operating cash flows.

• Maintains a diversified client base and portfolio across commodities, geographies, and project phases, with a robust order book and pipeline valued at ~$1.3 billion.

• Expanded global presence, particularly in the Americas and Middle East, through new offices, acquisitions, and increased project awards in gold, copper, and lithium.

• Reorganized segment reporting to focus on Asia Pacific, Africa, and Americas, reflecting global footprint and growth.

• Fully franked interim dividend of 22 cents per share declared, reflecting confidence in future cash flows.

Financial highlights

• Revenue for the period was $174.5 million, up year-over-year; NPAT was $18.3 million; EBITDA totaled $29.6 million.

• EPS at 46cps and DPS at 22cps (fully-franked); cash at bank of $80 million as of 31 December 2025.

• Net tangible assets at $3.52 per share; equity up 11.8% year-over-year; minimal debt.

• Return on equity at 11.7% for 1H FY26.

• Committed contracts valued at $415 million, with a revenue opportunity pipeline of ~$1.3 billion.

Outlook and guidance

• Updated FY26 guidance: revenue of $370–410 million and NPAT of $37–41 million, maintaining a ~10% NPAT margin target.

• Expects a strong second half, with utilization and headcount forecasted to increase into FY 2027.

• Demand drivers remain strong in gold, copper, lithium, and critical minerals, with infrastructure investment supporting growth.

• Directors recommended an interim dividend of 22.0 cents per share, reflecting confidence in future cash flows.

• No other significant events or changes expected to affect future operations or financial position.