Duratec (DUR) Guidance summary

Opening remarks and agenda

• Brief introduction and overview of the market update, followed by a Q&A session.

• Revised FY25 revenue guidance to $570m–$585m and EBITDA to $50m–$53m, reflecting project delays and weather disruptions.

• Conference call scheduled with senior management to discuss updated guidance and business outlook.

Guidance on key objectives

• FY25 revenue guidance lowered from $600m–$640m to $570m–$585m; EBITDA guidance now $50m–$53m, aligning upper end with previous lower range.

• EBITDA margin for FY2026 anticipated to be up, with consensus around AUD 60 million considered achievable.

• Delayed projects expected to be awarded in coming months, supporting momentum into 1H FY26.

• Strong tender activity with tenders at a record $1.7bn and a pipeline of $4.0bn.

• Business fundamentals remain unchanged, with strong tailwinds expected across all sectors.

Market trends and strategic opportunities

• Defence and Mining sectors faced project award delays, but remain key growth drivers for FY26.

• Mining sector experiencing larger project packages and a shift to framework arrangements, with some revenue delayed to FY2026.

• Energy, Building & Facade, and DDR sectors at record activity levels, supporting margin resilience.

• Early Contractor Involvement (ECI) projects and framework contracting models are creating long-term engagement opportunities.

• Tender pipeline stands at AUD 1.7 billion, with significant projects expected to convert in the coming quarters.