GR Engineering lifts dividend on solid HY26 cash position despite lower revenue

GR Engineering Services Ltd ( (AU:GNG) ) has issued an update.

GR Engineering Services reported HY26 revenue of $218.0 million, down from the prior corresponding period, with EBITDA of $27.8 million and NPAT of $17.2 million, while maintaining EBITDA margins and a strong cash position of $86.5 million. The Board lifted the interim fully franked dividend to 12.0 cents per share and reaffirmed FY26 revenue guidance of $500 million to $520 million, supported by solid contracted work into FY27.

Operationally, the group sustained high project execution levels across key gold, copper and processing plant upgrades, completed the Kainantu Gold Project and commenced early works on new projects such as Laverton and Bellevue paste plants. GR Production Services deepened its long-term operations and maintenance role in the energy sector and Mipac and Paradigm secured additional automation and control systems contracts from major resource clients, underpinning a growing contracted and near-term pipeline.

The most recent analyst rating on (AU:GNG) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on GR Engineering Services Ltd stock, see the AU:GNG Stock Forecast page.

More about GR Engineering Services Ltd

GR Engineering Services Ltd is an Australian-based engineering group focused on the design, construction and maintenance of mineral processing and energy sector assets. Through its core engineering business, GR Production Services, and control systems specialists Mipac and Paradigm, it delivers EPC, operations, maintenance, automation and digital solutions to mining, iron ore and energy clients in multiple geographies.

Average Trading Volume: 179,680

Technical Sentiment Signal: Buy

Current Market Cap: A$832M

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