Slide 1: 1H FY26 Results Presentation
Duratec Limited 1H FY26 Results Presentation Wednesday, 25 February 2026
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or
Slide 3: Speakers
Chris Oates Speakers Managing Director Meet our executives Ashley Muirhead Chief Financial Officer
Slide 4: 1H FY26 Highlights
1H FY26. Highlights
Slide 5: Business History
Business History Growth over 15 years RC Construction (DDR) KEY BUSINESS DRIVERS AsClear • Aged infrastructure A&B CAGR1 Welding • Asset capacity expansion (WPF) GFE • Growing asset markets 30.2% WPF (WPF) Listed on ASX KEY MARKET SECTORS DDR Spatial Division • Defence Australia • Mining & Industria
Slide 6: Our Portfolio
Our Portfolio Duratec Limited | 1H FY26 Results Presentation | 25 February 2026 6
Slide 7: 1H FY26 Financial Highlights
1H FY26 Financial Highlights $273.3m $27.5m Revenue1 EBITDA2 ↓4.9% on 1H FY25 $287.3m ↑2.0% on 1H FY25 $26.9m 1H FY26 Revenue by Operating $13.4m 5.25c Segment NPAT Earnings Per Share3 ↑3.5% on 1H FY25 $13.0m ↑1.2% on 1H FY25 5.19c 5 1.75c $76.0m Cash Dividend4 ↓9.5% from $84.0m on 30 Jun Per share,
Slide 8: Financial Results
Financial” Results
Slide 9: 1H FY26 Financial Results
1H FY26 Financial Results • Revenue was slightly lower versus PCP primarily due to project timing and Consolidated Entity delivery phasing in Defence, Mining & Industrial and Energy sectors, whilst record revenue was achieved in Building & Facade and in Emerging sectors in FY26 H1 FY25 H1 PCP FY26 H
Slide 10: Cash Flow
Cash Flow Cash Conversion Investment in Growth Solid Return to Shareholders • $3.6m in Plant & Equipment 67% • $4.6m in Business Acquisitions $5.6m of cash dividends paid during 1H FY26 • Lower than PCP due to the timing of upfront procurement • Calculated as OCFBIT2 to Adjusted EBITDA1 Note 1: Adju
Slide 11: Balance Sheet Summary
Balance Sheet Summary Consolidated Entity Dec-25 Jun-25 FINANCIAL POSITION AS AT 31 DECEMBER 2025 #039;000 #039;000 • Balance sheet continued to strengthen during 1H FY26 with Net Assets ASSETS increasing by 14% to $84.8m. Cash and cash equivalents 76,012 84,026 Trade and other receivables 42,819 61,412 •
Slide 12: Operational Highlights
DURWreEe Operational. Highlights
Slide 13: Safety & Sustainability
Safety & Sustainability • Workforce increased to 1,342 • Technological advancement through new HRIS project People & Culture • Redeveloped Leadership Fundamentals Program Our People • Refresh of Vision, Mission, and Values underway • Comprehensive compliance review of P&C documentation and induction
Slide 14: Defence
Defence Performance $82.2m $13.4m 16.3% Revenue Gross Profit Gross Margin • Early procurement commenced for DEJV works at HMAS Stirling ($5m, announced 8 January), recent order for a further $9m of early on-site works to ensure programme targets are met • First construction company in Australia to a
Slide 15: Mining & Industrial
Mining & Industrial Performance $57.7m $11.8m 20.4% Revenue Gross Profit Gross Margin • Revenue impacted by delays in major project awards • BHP portfolio further diversified with Port Maintenance revenue stream now active • Mining services offering enhanced with new in-house mechanical and access c
Slide 16: Building & Facade
Building & Facade Performance $64.3m $13.0m 20.2% Revenue Gross Profit Gross Margin • Record revenue achieved, representing strongest half-year performance to date • Conversion of Brisbane and Perth ECI’s into main works projects • Curtin University project has commenced onsite with procurement fina
Slide 17: Energy
Energy Performance $27.3m $8.3m 29.3% Revenue Gross Profit Gross Margin • Softer revenue in first half due to project timing of awards and conclusion of WSA contract • Acquisition of EIG (AMD Electrical) bringing electrical and fuel systems expertise in-house • Expanded WPF into Queensland, leveragi
Slide 18: Emerging Sectors
Emerging Sectors Performance $40.8m $8.9m 21.8% Revenue Gross Profit Gross Margin • Record performance across this sector • Ongoing sector growth driven by investment in successful diversification strategies • Multiple Marine contract wins in Victoria, Tasmania and Queensland cementing Duratec as a
Slide 19: Entity Update
Entity Update HIGHLIGHTS OUTLOOK • 1H FY26 Revenue of $22.1m1, gross profit of $6.1m, • Waitsia Stage 2B Piping & Structural Fabrication gross margin 27.8% • Woodside Goodwyn Platform – Davit Boat & Structural • Award of Santos Varanus Island B Tank Modifications Repair • Continuation of Santos Deco
Slide 20: Entity Update
Entity Update HIGHLIGHTS OUTLOOK • Completed acquisition of RGK Resources, a NATA • Expansion of NDT services through Duratec's and accredited specialist NDT company servicing Energy WPF's existing relationships in the Energy sector sector clients • Increase Cathodic Protection service offerings to
Slide 21: Entity Update
Entity Update HIGHLIGHTS • FY26 Half Year Revenue1 of $56.6m • Gross profit of $10.8m, achieving 16.5% increase from same period in FY25 • Record $95m of work in hand • Quoted works >$200m across Defence, Renewables and Infrastructure sectors • Successful regional expansion of RC Construction to SA
Slide 22: Master Services Agreements
Master Services Agreements • MSA and annuity style projects represented approximately 31% of 1H FY26 MSA and annuity style projects revenue for 1H FY26 compared to represented 31% of revenue 26% of the 1H FY26 revenue. • Annuity style contracts are more profitable than Duratec’s average gross profit
Slide 23: Pipeline & Outlook
DURWreEe Pipeline & Outlook
Slide 24: Order Book, Tenders and Pipeline
Order Book, Tenders and Pipeline 1, 2 1, 2, 3 1, 2, 4 5 Note 1: As of 23 February 2026 Note 2: Figures include 49% share of DDR Australia Pty Ltd and RC Construction WA Pty Ltd and 70% share of DXP Energy Solutions Pty Ltd, Order Book, Tenders, and Pipeline Note 3: Tenders includes submitted and cur
Slide 25: Outlook
Outlook Short term Outlook • Recent increase in order book and potential imminent wins • MSA annuity expected grow in line with total revenue growth • Strong contribution from WPF's Varanus Island B Tank Modification project expected • Ramp up of work at HMAS Stirling Garden Island expected in 2H26
Slide 26: Questions & Answers
Questions & Answers Wednesday, 25 February 2026
Slide 27: Questions & Answers
Chris Oates Questions Managing Director & Answers Ashley Muirhead Chief Financial Officer Wednesday, 25 February 2026
Slide 28: Appendix
vy IX Append
Slide 29: Corporate Snapshot
Corporate Snapshot Share Price and Volume – 02/06/25 to 20/02/26 Share price (AUD) $2.2 $2. $1.8 $1.6 $1.4 Share price 5.0 Volume (m) 4.0 3.0 2.0 1.0 0.0 Jun 25 Jun 25 Jul 25 Aug 25 Aug 25 Sep 25 Oct 25 Oct 25 Nov 25 Dec 25 Dec 25 Jan 26 Feb 26 Volume Capital Structure Duratec Limited Board ASX code
Slide 30: Duratec Limited
Duratec Limited 1H FY26 Results Presentation Wednesday, 25 February 2026