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Perenti Ltd
XMUN:FWG

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Perenti Ltd
XMUN:FWG
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Price: 1.09 EUR -4.39%
Market Cap: €743.6m

Perenti Ltd
Investor Relations

Perenti Ltd. is a mining and energy services company, which engages in the provision of exploration, mine development, surfacing and underground mining, and energy and infrastructure services. The company is headquartered in Perth, Western Australia and currently employs 9,000 full-time employees. The firm is a diversified global mining services company with interests in contract mining, mining support services and future technology solutions. Its portfolio consists of sustainable, inter-related and value-adding mining services and technology-focused businesses. The firm operates through four segments: Surface Mining, Underground Mining, Mining Services and idoba, and Corporate. Surface segment is engaged in the provision of mining services, including drilling and blasting, in-pit grade control, exploration drilling and earthmoving in Australia and Africa. Underground segment is engaged in the provision of underground mining services in Australia, Africa and North America. Mining support services segment includes equipment hire, equipment parts and sales, supply of equipment, logistics services, and technology-driven products and services.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 22, 2026
AI Summary
Q2 2026

EBITA Record: Perenti delivered a record first half EBITA of $160 million, up 3% from last year, with improved EBITA margin at 9.3%.

EPS Growth: Underlying earnings per share rose 12% to $0.098 per share.

Revenue Steady: Revenue held steady at $1.73 billion, matching the prior year’s first half.

Debt Down: Net leverage fell to 0.6x from 0.9x a year ago, and gross debt reached its lowest since 2018 after repaying 2025 senior notes.

Dividend Raised: Interim dividend increased 8% to $0.0325 per share.

Guidance Update: Free cash flow guidance was raised to greater than $170 million for FY '26, while capital expenditure guidance was cut to $325 million.

North America Momentum: The company highlighted strong growth and pipeline opportunities in North America, with several projects ramping up.

Positive Outlook: Management expressed confidence in delivering strong second half results and long-term growth, with disciplined approach to new projects.

Key Financials
Revenue
$1.73 billion
EBITA
$160 million
EBITA Margin
9.3%
Underlying NPATA
$92 million
Underlying EPS
$0.098 per share
Normalized Free Cash Flow
$33.1 million
Net Leverage
0.6x
Gross Debt
lowest since 2018 (exact value not stated)
Interim Dividend
$0.0325 per share
Operating Cash Flow Before Interest and Tax
$193 million
Capital Expenditure
$170.7 million
Interest Expense
$28 million
Liquidity
$818 million
Secured Work in Hand
$5.8 billion
Pipeline
$18.6 billion
Other Earnings Calls
2026

Management

Contacts

Address
WESTERN AUSTRALIA
Perth
Level 4, William Square, 45 Francis Street, Northbridge
Contacts
+61894216500
perentigroup.com
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