Downer EDI Limited

Overview

Downer is a leading provider of services to customers in markets including transport services, technology and communications services, utilities services, engineering, construction and maintenance, mining and rail. Downer operates primarily in Australia and New Zealand but also in the Asia-Pacific region, South America and Southern Africa.

In March 2017 the company had signed an agreement to acquire the construction, infrastructure and project management businesses of Hawkins.

Performance

The following information was extracted from Downer EDI Limited's Full Year Results, released on 20 August 2026:

DOWNER DELIVERS 5.1% EBITA MARGIN,

51% STATUTORY NPAT AND 10% UNDERLYING NPATA GROWTH

Downer EDI Limited (Downer) (ASX:DOW) today released its financial result for the 12 months ended 30 June 2026 (FY26) headlined by year on year margin-led earnings growth from a higher quality, more resilient portfolio.

Underlying EBITA of $502.9 million increased 6.1%, representing a margin uplift of 70 basis point to 5.1%.

Underlying NPATA increased 9.8% to $306.7 million, in line with guidance. Statutory NPAT increased 51.2% to $225.4 million.

Over the two year FY25-FY26 period, Downer achieved an average margin of 4.7% exceeding the >4.5% management target1 established as part of its transformation program. Other highlights include a 14.1% uplift of underlying EPS to 42.9 cents per share (cps), a 17.3% increase in dividends to 29.2 cps, the delivery of cash-backed earnings with a cash conversion of 91.1% exceeding the >90% target, and improvement in gearing with net debt to EBITDA reducing to 0.8x.

Managing Director and Chief Executive Officer, Peter Tompkins, said Downer had delivered another year of earnings growth, margin expansion and cash-backed results from a higher-quality resilient portfolio.