Lycopodium Limited · ASX:LYL
Lycopodium — Investor Presentation (February 2026)
27 slides from Lycopodium's investor presentation, Feb 18, 2026
Slide 1: Investor Presentation 1H FY2026
Investor Presentation 1H FY2026 18 February 2026
Slide 2: Contents
Contents About Lycopodium 1H FY26 Financial Highlights Change pic Operational Highlights Outlook & Guidance Appendix
Slide 3: About Lycopodium
About Lycopodium
Slide 4: About Us
ABOUT US Lycopodium is a leading global engineering and project delivery organisation Founded in 1992, Lycopodium provides integrated engineering, project, construction and asset management expertise across the project lifecycle With >1,300 staff globally, Lycopodium is built upon long-serving teams
Slide 5: Capabilities & Core Services
CAPABILITIES & CORE SERVICES Focused on a culture of continuous improvement and innovation to maximise asset value PROCESS & EVALUATION DELIVERY OPTIMISATION ENGINEERING Concept development, Design and engineering Project management, from Ensuring assets maintained preliminary analysis, delivering s
Slide 6: Global Scale
GLOBAL SCALE (31-Dec-25) Lycopodium has successfully expanded its operations, >40 $9.6 over several decades, billion resource capital value delivering a diverse studies within studies portfolio of projects globally Lycopodium’s longevity and success is underpinned by long-term partnerships and a com
Slide 7: 1H FY26 Financial Highlights
1H FY26 Financial Highlights
Slide 8: Key financial highlights
1H FY2026 RESULTS Key financial highlights (31-Dec-25) $174.5 $29.6 $24.8 Key Highlights million million million Strong Minimal Revenue EBITDA PBT balance sheet debt $18.3 10.5% 11.8% Equity up Strong million NPAT margin ROE 3.7% vs full year FY25 operating NPAT (~$156.0m vs $150.5m) cash flows 46cp
Slide 9: Diversified Portfolio
DIVERSIFIED PORTFOLIO Diversified end-market exposure across geographies, commodities and clients (1H FY26) Revenue by Geography1 Revenue by Client Type 8% 16% 7% 25% 47% 60% 37% APAC Africa Americas Other Globally Diversified Major Emerging Resource Studies by Commodity2 Resource Projects by Commod
Slide 10: Operational Highlights
Operational Highlights
Slide 11: Operational Highlights
OPERATIONAL HIGHLIGHTS Current notable project and operational highlights Project Highlights Operational Update New work won • Growing teams across operational hubs (APAC, Americas, Africa) to support current and forecast work-in-hand: Award of design/FEED scope: o office expansions planned for Pert
Slide 12: Resources – Major Project Status
RESOURCES – MAJOR PROJECT STATUS Current WIH includes 40+ studies, through to projects in delivery and completion¹ Engineering/early stages Onsite delivery – progressing Commissioning/completed Project Client Commodity Location Blackwater Expansion Phase 1A Artemis Gold Gold Canada Tulu Kapi KEFI Go
Slide 13: Our People
OUR PEOPLE Developing and retaining a high-performing workforce Summer Vacation Graduate Development Emerging Leaders Program Program Program Adoption of globally aligned delivering both visible career ‘visible career pathways’ in Culture Amp platform pathways, mapped with competencies, and individu
Slide 14: Outlook & Guidance
Outlook & Guidance
Slide 15: Outlook
OUTLOOK Supported by macroeconomic and industry drivers As it relates to FY26 outlook, Lycopodium provides the following observations: Overall demand drivers for Lycopodium’s innovative engineering and delivery solutions continue to expand, supported by the Company’s bespoke and modular engineering
Slide 16: FY26 Guidance
FY26 GUIDANCE Growing volume of work underpinning future earnings Lycopodium updates its full year FY26 guidance to: Revenue Net Profit After Tax (NPAT) Between Between $370m & $410m $37m & $41m1 +15% vs FY252 -8% vs FY252 The Company will continue to update shareholders as the financial year progre
Slide 17: Lycopodium Summary
LYCOPODIUM SUMMARY Secure, stable and sustainable Deep engineering expertise Disciplined risk management Strong history of execution Capital light approach Long-serving knowledgeable teams High-quality, balanced portfolio Sustainable financial and operational Managing local workforce on of high cali
Slide 18: Appendix
Appendix
Slide 19: Strategy Overview
STRATEGY OVERVIEW Lycopodium’s overarching strategic pillars People & Culture Working Smarter Client & Project Excellence Sustainably Grow the Core Continued focus on ensuring we Leverage tools, systems and data Enhance technical capability and Deliver sustainable growth via have the right people, w
Slide 20: Disciplined Risk Management
DISCIPLINED RISK MANAGEMENT Lycopodium’s robust risk approach is a core strength, enabling sustainable long-term value creation • Lycopodium’s risk management framework provides a whole of business approach, ensuring strategic decisions align with the Report Company’s risk appetite • Sets out proces
Slide 21: Innovative Thinking
INNOVATIVE THINKING Lycopodium’s culture of innovation & continuous improvement supports future growth Digital Cooperative Research Innovative Energy Engineering Centres Collaboration Commercialisation Storage Plant dynamic modelling, Participation in the Australian Development of innovative bin lin
Slide 22: Historical Performance
HISTORICAL PERFORMANCE Lycopodium has achieved a history of sustainable financial performance Revenue ($m) EBITDA ($m) NPAT ($,%²) FY26¹ 348.9 50.7 327.6 339.6 77.1 46.8 70.5 68.7 42.2 14.3% 14.5% FY26¹ 232.2 12.4% 11.7% 45.4 27.2 10.5% 174.5 29.6 18.3 FY22 FY23 FY24 FY25 1H FY26 FY22 FY23 FY24 FY25
Slide 23: Project Phases
PROJECT PHASES Generating value across each phase of the project lifecycle Through early and extended project engagement from Lycopodium’s potential revenue generation at each phase (as % of project capex value) concept/feasibility to completion, Lycopodium enhances its market position – across phas
Slide 24: Value Chain
VALUE CHAIN Lycopodium’s core capabilities and broad expertise deliver returns across the project lifecycle PROCESS & EVALUATION DELIVERY OPTIMISATION ENGINEERING Concept development, Design and engineering Project management, from Ensuring assets maintained preliminary analysis delivering solutions
Slide 25: Clients
CLIENTS Established enduring client partnerships over the past three decades Infrastructure Resources Industrial Processes 25
Slide 26: Board & Management
BOARD & MANAGEMENT Long-term, stable board and management Rodney (Rod) Leonard Peter De Leo Bruno Ruggiero Karl Cicanese Chairman Managing Director & CEO Executive Director Executive Director Louise Bower Michael (Mick) Caratti Robert Radici Justine Campbell Non-Executive Director Non-Executive Dire
Slide 27: Contact Us
Contact Us Peter De Leo Sam Wells Managing Director & CEO, Lycopodium Limited Investor Relations (NWR Communications) +61 8 6210 5222 +61 (0) 427 630 152 sam@nwrcommunications.com.au Disclaimer Information in this presentation, including forecast financial information and forward-looking statements,