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Perenti Global ( (AU:PRN) ) has issued an update.
Perenti Limited announced a succession process for its Managing Director & CEO, with Mark Norwell set to step down in 2026. The company is in a strong position with a robust leadership team, having delivered record financial results in FY25, including an EBIT(A) of $333.5 million on revenue of $3.49 billion. The company increased its dividend by 21% and continued its share buyback program, supported by strong free cash flow and a healthy balance sheet. Perenti remains committed to safety and strategic growth, as demonstrated by its decision to conclude operations in Botswana due to unmet commercial performance thresholds.
The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.80 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti Limited is an ASX-listed diversified mining services group, offering contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents, focusing on creating enduring value and certainty for its investors, clients, people, and the communities it serves.
Average Trading Volume: 4,364,529
Technical Sentiment Signal: Buy
Current Market Cap: A$2.73B
See more data about PRN stock on TipRanks’ Stock Analysis page.