Lycopodium Ltd
ASX:LYL
Lycopodium Ltd
Lycopodium Ltd. provides engineering consulting services to the mining, metallurgical, and manufacturing industries. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-12-17. The firm operates through three segments: Minerals, Process Industries and Project Services Africa. The Minerals segment offers of engineering and related services to the mining industry. The Process Industries segment consists of engineering and related services provided to the manufacturing and renewable energy facilities across Australia and South East Asia. The Project Services Africa segment consists of project management, construction management and commissioning services provided to the extractive mining industry in Africa.
Lycopodium Ltd. provides engineering consulting services to the mining, metallurgical, and manufacturing industries. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-12-17. The firm operates through three segments: Minerals, Process Industries and Project Services Africa. The Minerals segment offers of engineering and related services to the mining industry. The Process Industries segment consists of engineering and related services provided to the manufacturing and renewable energy facilities across Australia and South East Asia. The Project Services Africa segment consists of project management, construction management and commissioning services provided to the extractive mining industry in Africa.
Revenue & Profit: Lycopodium reported first-half revenue of $174.5 million and NPAT of $18.3 million, with a 10.5% NPAT margin, in line with expectations.
Order Book Strength: The committed contracts order book increased to $415 million, and the revenue opportunity pipeline grew to $1.3 billion, indicating a busy and growing market.
Guidance Revised: Guidance for FY26 was revised to revenue of $370–410 million and NPAT of $37–41 million due to project timeline shifts; management expects a strong second half.
Project Delays: Major projects, including Blackwater and Tulu Kapi, experienced timing delays of about 3–4 months, impacting forecasts but not causing significant extra project expenses.
Labor Market: The company faces a tight global labor market but continues to retain and grow headcount, maintaining capacity to meet future demand.
Geographic & Commodity Diversification: Ongoing expansion in the Americas and strong activity across gold, lithium, uranium, and copper support diversified growth.
