Duratec sees EBITDA reach $58.5M for FY26

• Duratec delivered a record full-year EBITDA of $58.5 million alongside a record order book of $650.8 million.
• The company's share price dropped to $2.05 following the financial report.
• EBITDA margin expansion and strong tender growth drove overall profitability across operations.

Duratec (ASX:DUR) generated record normalised EBITDA of $58.5 million for the full year ended June 30 despite slight top-line headwinds.

Annual revenue fell slightly to $570.3 million from $573 million recorded in the previous financial year.

"While revenue was broadly in line with the prior year, we delivered record EBITDA, NPAT and EBITDA margin through disciplined project selection, strong project execution and the continued expansion of our self-perform capability," said Duratec Managing Director Chris Oates.

Net profit after tax rose 4.1% to $23.8 million, while total fully franked dividends reached 4.25 cents per share.

Duratec declared a fully franked dividend of 2.5 cents per share, bringing the total dividend for the year to 4.25 cents per share.

Following the announcement, the Duratec share price was down at $2.05.

Duratec entered FY27 with an order book of $650.8 million and a diversified pipeline of opportunities across defence, energy, mining & industrial, building & façade and emerging sectors.

The Australian contractor operates across engineering, construction, and infrastructure remediation services nationwide.

The business maintained a strong balance sheet with $78.8 million in cash reserves at the close of the period.