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Worley flags up to $60 million earnings hit
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Worley flags up to $60 million earnings hit

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  • 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.

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