Lycopodium (LYL) AGM 2026 presentation summary

Business profile

• Founded in 1992; integrated engineering, project, construction and asset-management services across the project lifecycle, with 1,500+ staff, 18 offices and 30+ years of experience.

• Services span evaluation, process and engineering, project delivery and asset optimisation, including studies, design, EPCM/EPC, commissioning and operations support.

FY26 financial performance

• Revenue $377.5m, up 11% YoY; EBITDA $59.5m and PBT $52.5m, both down 13% YoY.

• NPAT $40.2m, down 5% YoY; NPAT margin 10.6%, down 1.8pp; ROE 25.0%, down 5.4pp; EPS 101.1c, down 5%.

• Fully franked DPS 59c, including 22c interim and 37c final, up 69% YoY; cash at bank $106.2m, up 34% YoY.

• Strong balance sheet with minimal debt and strong operating cash flows; equity $170.7m, up 13% vs FY25, and NTA $3.92 per share.

Portfolio and operating scale

• More than 90 resource studies and 50+ resource projects; study capital value $11.4bn, up 19% vs 31 Dec 2025; managed capex in delivery $4.9bn, up 32%.

• Committed contracts $661m, up 59% vs 31 Dec 2025; revenue opportunity pipeline ~$1.4bn, up 8%.

• At 30 June 2026, 8,961,088 controlled service hours; rolling 12-month LTIFR 0.00 and TRIFR 0.67.

• FY26 exposure spans Africa, APAC, the Americas and other regions, with diversified client types and commodities across studies and projects.

• Project activity includes awards and early works at San Cristóbal, Katanning, Pilgangoora and Havieron; ramp-ups at Blackwater and Winu; and projects in advanced delivery including Baomahun, Koné, Twin Hills and Nyanzaga.