Plenti Group Limited (PLT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining the Perenti FY26 first half results call. My name is Mark Norwell and presenting alongside me today is Mike Ellis, our CFO. Today we will take you through our first half performance and our look for the remainder of FY26. Overall, Perenti has delivered as per expectations and remains well positioned to continue delivering strong earnings and cash flow for the year. Starting on slide 3, our diversified portfolio. For those who haven't been following Perenti closely, we are a diversified global mining services group with leading positions in contract mining, drilling services and mining and technology services. For example, our underground mining business, Barminco, is a top two global underground hard rock mining contractor and our drilling division, comprising five specialist brands, is a top three global drilling business. We believe that a sustainable business is one that consistently delivers for its people, its clients, the communities in which it operates and ultimately delivers enduring value for shareholders. To achieve this purpose we have built a diverse company with 13 brands operating across 12 countries. Approximately two thirds of our revenue is generated from underground mines and currently our work in hand is strongly weighted to gold projects. Our diversified portfolio, scale and market share creates a resilient business that can deliver consistent performance through market cycles. Turning to the first half financial results on slide 4. The first half of FY26 reflects consistent delivery as we continue to evolve our portfolio and strengthen our balance sheet. Revenue was similar to the first half of FY25 and EBITDA slightly lower following the conclusion of the Botswana Underground project at the end of...