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Perenti posts $3.5B FY26 revenue, 7.75-cent dividend
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Perenti posts $3.5B FY26 revenue, 7.75-cent dividend

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  • Perenti reported an underlying revenue of $3.5 billion alongside an underlying EBIT(A) of $340 million for FY26.
  • Following the full-year update, the company share price was down at $2.44.
  • Management stated that disciplined capital allocation and portfolio management continue to drive balance sheet strength and future growth.

Perenti (ASX:PRN) delivered an underlying revenue of $3.5 billion and an underlying EBIT(A) of $340 million for the 2026 financial year.

The result was underpinned by a strong result from Contract Mining and record revenue from Drilling Services.

The improved margins lifted EBIT(A) to a new record of $340 million, up 2% on FY25, while underlying NPAT(A) increased 8% to $192 million.

"Perenti has delivered an excellent FY26, making significant progress in safety, operational and financial performance and continuing an ongoing process of portfolio transition," said Perenti Managing Director & CEO Vanessa Torres.

The agreed sale of BTP Group for $100 million has resulted in the recognition of a non-cash loss of $64 million.

The company recorded zero fatalities and lifted its final dividend to 4.50 cents per share, bringing total FY26 dividends to 7.75 cents per share.

Management stated that FY27 revenue is expected to land between $3.45 billion and $3.65 billion.

Following the announcement, the Perenti share price was down at $2.44.

The mining services group operates across four continents, focusing on contract mining, drilling services, and technology solutions.

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