Worley (ASX:WOR) reported its half-year results for the period ended Dec. 31, 2025, characterised by revenue growth and resilient earnings despite a dip in statutory profits.
The engineering giant recorded an aggregated revenue of $6.312 billion, representing a 5.4% increase on the previous corresponding period.
While statutory net profit after tax fell 29.6% to $152 million, the underlying NPATA sat at $207 million, down a more modest 4.2%.
The company’s underlying earnings before interest and tax remained steady at $377 million, supported by a margin expansion to 8.8%.
The figures exclude $82 million in pre-tax costs associated with ongoing business restructuring and transformation initiatives.
Management expects the cost-out measures to deliver over $100 million in annualised savings starting from FY27.
Worley continues to demonstrate strong operational momentum, boasting a backlog of $16.7 billion and a 63% surge in bookings compared to the prior half.
Shareholders will receive an unfranked interim dividend of 25 cents per share, following $324 million in share buy-backs conducted since March 2025.
CEO Chris Ashton attributed the performance to the company's "end-to-end delivery model" and its ability to secure major project wins in a shifting global market.
Looking ahead, the firm is targeting moderate growth in revenue and underlying EBITA for the remainder of the 2026 financial year, underpinned by a robust pipeline of opportunities.