Worley (WOR) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional land owners, and introduced the Board and auditor.

• Confirmed quorum and outlined meeting procedures, including voting and Q&A protocols.

Financial performance review

• Aggregated revenue reached over AUD 12 billion, up 4% from FY 2024; underlying EBITDA grew 10% to AUD 823 million.

• EBITDA margin (excluding procurement) increased to 9.2%; NPATA was AUD 475 million; cash conversion at 94.9%.

• Bookings totaled $17.1 billion, backlog rose 22% to $16.9 billion.

• Dividend maintained at AUD 0.50 per share; ongoing AUD 500 million share buyback, with AUD 269 million spent to date.

• 60% of revenue was sustainability-related; sector revenue split: 50% energy, 24% chemicals, 26% resources.

Board and executive committee updates

• Board succession and renewal prioritized; three directors stepping down, one new director (Jeanne Johns) appointed.

• Tom Gorman appointed Chair of Health, Safety, and Sustainability Committee; Justine Travers became CFO in July 2025.

• Chair seeking re-election for three years, with succession planning underway for a new chair by term end.