Lycopodium (ASX:LYL) announced a robust financial performance for the half-year ended Dec. 31, 2025, underpinned by a surge in project delivery and strategic international growth.
The engineering and project management firm reported revenue of $174.5 million and an EBITDA of $29.6 million, resulting in a net profit after tax of $18.3 million.
The performance represents a healthy 10.5% NPAT margin, aligning closely with the company’s long-term targets.
The board has declared a fully franked interim dividend of 22 cents per share, payable on April 2.
Managing Director Peter De Leo highlighted that the company’s expansion into the Americas, specifically through the acquisition of SAXUM, has bolstered their pipeline.
Lycopodium has secured critical front end engineering and design work across gold, copper, and lithium sectors.
While some project timelines, such as the Tulu Kapi Gold and Blackwater Expansion projects, have shifted into early 2026, the company’s committed contracts have grown to $415 million, with a total revenue opportunity pipeline estimated at $1.3 billion.
Lycopodium has updated its full-year FY26 guidance, forecasting revenue between $370 million and $410 million.
While the NPAT guidance was slightly moderated to $37–$41 million, the company anticipates elevated project delivery volume in the second half of the year.
At the time of reporting, Lycopodium's share price was $14.22.