Duratec lifts margins and expands pipeline despite lower first-half revenue

Duratec Limited ( (AU:DUR) ) has shared an announcement.

Duratec Limited reported 1H FY26 revenue of $273.3 million, down 4.9% on the prior corresponding period, but lifted normalised EBITDA 2% to $27.5 million and expanded its average gross margin to 20.3%. Earnings quality improved with record gross profit of $55.4 million, a record 10% normalised EBITDA margin, and EPS edging up to 5.25 cents, while the interim dividend was maintained at 1.75 cents per share.

The company strengthened its market position through the successful acquisition and integration of EIG Australia and the purchase of RGK Resources, alongside a further $9 million in early works for the Duratec Ertech joint venture at HMAS Stirling. A solid forward workload is underpinned by a $400 million order book and a $1.8 billion tender pipeline, and new accreditation to ISO 19443 positions Duratec to participate in nuclear-industry services, adding another avenue for future sector growth.

The most recent analyst rating on (AU:DUR) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Duratec Limited stock, see the AU:DUR Stock Forecast page.

More about Duratec Limited

Duratec Limited is an Australian engineering, construction and remediation contractor focused on complex infrastructure and asset protection projects. The company operates across sectors including defence, oil and gas, resources, and emerging areas such as marine, transport and water infrastructure, with a growing presence supported by strategic joint ventures and acquisitions.

Average Trading Volume: 288,264

Technical Sentiment Signal: Buy

Current Market Cap: A$577.6M

See more data about DUR stock on TipRanks’ Stock Analysis page.