Lycopodium (LYL) H2 2024 earnings summary

Executive summary

• Achieved record revenue of $348.9 million and net profit after tax of $50.7 million for FY2024, driven by high activity, staff utilization, and robust global project delivery across resources, rail infrastructure, and industrial processes.

• Expanded global presence with a new office in Lima, Peru, and released inaugural Sustainability Report.

• Managed a record 16.9 million workhours, nearly doubling the previous year, while maintaining excellent safety performance.

• Continued investment in people, systems, and geographic diversification, with a robust pipeline of projects and studies.

• Maintained a stable board, strong client relationships, and a focus on safety and wellbeing.

Financial highlights

• Revenue reached $348.9 million, up from $327.6 million in FY2023.

• Net profit after tax was $50.7 million.

• EBITDA was $77.1 million.

• Earnings per share were 127.6 cents; total fully franked dividend per share was 77 cents.

• Cash at bank at year-end was $67.6 million.

Outlook and guidance

• Strong long-term demand for minerals and metals, especially due to the global energy transition, including lithium, copper, graphite, and nickel.

• Continued high demand for gold and iron ore projects, supported by infrastructure investment in China and India.

• Rail infrastructure and industrial processes businesses expected to remain strong, supported by public projects, domestic manufacturing, and emerging sectors like hydrogen and waste-to-energy.

• Company expects to maintain strong financial performance in FY2025, with further guidance to be provided at the AGM in November.

• Strategy remains focused on geographic expansion, balanced project portfolio, and innovation.