Worley reported a 10.8% decline in underlying EBITA to $734 million for the fiscal year ended June 30, 2026, as geopolitical disruption in the Middle East and foreign exchange headwinds weighed on performance. Aggregated revenue remained essentially flat at $12.02 billion, though constant currency revenue rose 2.3% to $12.33 billion.
The company cited approximately $58 million in earnings headwinds from project delays and reduced work volumes in the EMEA region linked to regional instability. Foreign exchange translation effects added a further $50 million headwind, driven by a stronger Australian dollar against offshore earnings, which account for 93% of total revenue. Underlying EBITA margin, excluding procurement, was maintained at 9.0%, within the target range of 9.0% to 9.5%.
By sector, energy revenue increased 8% to $6.37 billion but EBITA fell 11.4% to $497 million. Chemicals revenue dropped 22% to $2.37 billion with EBITA down 29.2% to $189 million. Resources revenue rose 6% to $3.28 billion but EBITA declined 6.4% to $294 million. Regionally, the Americas saw revenue growth of 17.3% to $6.23 billion and EBITA up 4.7% to $465 million, while EMEA revenue fell 11.3% to $4.46 billion with EBITA down 14.8% to $402 million. APAC revenue declined 22% to $1.34 billion and EBITA plunged 50% to $113 million.
Worley’s backlog stood at $15.0 billion on a constant currency basis as of June 30, 2026, down from $16.9 billion at December 2025, with over 62% expected to be delivered within 12 months. Bookings surged 23% year-over-year to $15.5 billion, including 44% from sole-sourced contracts. The factored sales pipeline grew 24% year-over-year, with future-facing market bookings exceeding $10 billion.
Shareholder returns included a final dividend of 25 cents per share, maintaining the prior year’s payout, and $359 million returned via share buybacks. The company exceeded cost-reduction targets by delivering $132 million in savings, against a $100 million target for FY27 onwards, while incurring $120 million in one-off transformation costs and reinvesting approximately $70 million over two years.
Worley shares fell 11.53% to $9.82 following the results, nearing a 52-week low of $9.61. The company reaffirmed its medium-term target of a double-digit underlying EBITA compound annual growth rate by FY30.
