Lycopodium (LYL) H2 2026 earnings summary

Executive summary

• Achieved record FY26 revenue of $377.5 million, up 11% year-over-year, with strong operational execution and a diversified global project portfolio.

• Workforce grew from 1,400 to 1,500, supporting global expansion and a diverse client base across 18 offices.

• Maintained a capital-light, risk-managed approach, focusing on high-quality, repeat clients and geographic expansion, especially in the Americas.

• Continued investment in people, systems, and innovation, supporting operational efficiency and future growth.

• Maintained a zero Lost Time Injury Frequency Rate (LTIFR) over 9 million service hours.

Financial highlights

• Revenue reached $377.5 million, up 11% year-over-year, with EBITDA of $59.5 million and NPAT of $40.2 million.

• NPAT margin was 10.6%; EPS at 101.1 cents per share; equity increased 13% to $170.7 million; net tangible assets at $3.92/share.

• Dividend per share was 59c, up 69% year-over-year; full-year dividend payout ratio was 60%.

• Cash balance at year-end was $106.2 million, with minimal debt.

• Managed capex of projects in delivery: $4.9 billion (+32% vs Dec 2025); committed contracts: $661 million (+59%).

Outlook and guidance

• FY27 revenue guidance: $540–580 million, with NPAT expected between $54–58 million and a ~10% NPAT margin.

• Nearly 70% of FY27 revenue is already committed, with a record level of committed work and robust pipeline extending into FY28.

• Demand drivers remain strong in gold, critical minerals, uranium, and infrastructure, with geographic diversification, especially in the Americas, expected to drive further growth.

• Anticipates a regionally balanced portfolio and continued growth in capacity and capabilities across hubs.