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 Half Annual Report, released on 19 February 2026:

Downer EDI Limited (Downer) (ASX:DOW) today released its financial result for the six months ended

31 December 2025 (1H26) headlined by strong earnings growth, delivering EBITA margin growth of 90 basis points to 4.6% exceeding the management target1 of >4.5%.

This resulted in a 29.8% increase in statutory NPAT to $98 million, a 7.0% increase in underlying NPATA to $136.1 million and an 11.2% increase in underlying EBITA to $227.1 million. Other highlights include a 10% uplift of underlying EPS to 18.7 cents per share (cps), the delivery of cash backed earnings with a cash conversion of 90.5% exceeding the >90% target, and improvement in gearing with net debt to EBITDA reducing to 0.8x, supported by $68.7 million proceeds collected from Downer's divestment of its interest in Keolis Downer in the period.