Worley Ltd (WYGPF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for standing by. Welcome to the Worldly Full Year 2026 Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1-1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. And I'd like to hand the conference over to your first speaker today, Chief Executive Officer, Chris Ashton. Thank you and welcome everyone for joining Worley's full year results presentation for the 2026 financial year. As usual, I draw your attention to the disclaimer on slide two. I'd first like to acknowledge the Gadigal people of the Eora Nation, the traditional custodians of the land from which I'm calling today. And I pay my respects to their elders past and present and to the emerging leaders. Turning to slide three. I'll begin with business performance. Justine will then take you through the financial results and I'll return to cover our strategy and outlook. It's fair to say FY26 was a story of two halves, with resilient results and strong momentum in the first half, followed by a more challenging second half. The main factor impacting our growth this financial year was the conflict in the Middle East. Together with foreign currency transaction impact, we weren't able to achieve our FY26 outlook expectations. We've also navigated softer conditions in some markets, but elsewhere activity remained strong, particularly in the Americas, and we stayed close to our customers, secured significant contract wins and maintained a healthy pipeline supported by strong demand drivers. During the year...