
Worley flags up to $60 million earnings hit
- Worley announced that the ongoing Middle East conflict and a stronger Australian dollar will impact its FY26 earnings.
- The company increased its estimated underlying EBITA impact from the conflict to up to $60 million.
- Project delays from customers and foreign currency translation headwinds are driving the revised financial guidance.
Middle East conflict disruptions will reduce Worley (ASX:WOR) financial year 2026 underlying earnings by up to $60 million.
The guidance increases the company's previous forecast of a $30 million to $40 million impact.
Customers continue to delay new projects, although the company reported that no existing contracts have been cancelled.
Additionally, a stronger Australian dollar is expected to cause a $50 million foreign currency translation hit to earnings.
Following the announcement, the Worley share price was down at $12.27.
The global engineering company has increasingly focused on energy transition and decarbonisation contracts to drive long-term revenue growth.
Investors continue to monitor how geopolitical uncertainties and foreign currency fluctuations influence the company's expanding international operations.