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Duratec Limited (ASX:DUR)

ALERT: Price-sensitive ASX Announcement for DUR
Current share price for DUR : $2.400 0.25 (11.63%)+
Announcement
Release
25 Feb 2026 8:12AM
Price at Release
$2.150
Full Release
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Summary
Duratec Limited's 1H FY26 Results Presentation reveals a slight decrease in revenue to $273.3 million, down 4.9% from the previous half-year. However, the company achieved record gross profits, highlighting significant operational efficiencies and strong project performances. Key sectors of operation include Defence, Mining & Industrial, Building & Facade, Energy, and Emerging Sectors such as Marine and Water Infrastructure. Despite challenges in project timing and delivery phasing, Duratec has seen growth in Building & Facade and emerging sectors, thanks to diversification strategies and strategic acquisitions. The company maintains a strong balance sheet and is well-funded to pursue future growth, including potential strategic acquisitions and expansion into the Pacific region.
Key Points
  • Revenue decreased by 4.9% to $273.3 million from 1H FY25.
  • Gross profit achieved was the highest to date.
  • Strong performance in Building & Facade and Emerging sectors.
  • Strategic investments and acquisitions led to increased overheads.
  • EBITDA increased by 2% to $27.5 million.
  • NPAT increased by 3.5% to $13.4 million.
  • Earnings per share rose to 5.25 cents.
  • Maintained interim dividend at 1.75 cents per share, fully franked.
  • Strong balance sheet with net assets increasing by 14% to $84.8 million.
  • Continued strategic growth initiatives and potential for further strategic acquisitions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.