We have increased our FY26 revenue, EBITDA, and EBIT estimates by 2%, 5% and 13% respectively. The stronger than expected margin expansion in 1H26 is partly attributed to the commencement of the EPIC contract (we estimate 40-45% EBIT margin, accretive); and partly due to the shift to higher quality work (4D seismic) and economies of scale leveraging the fixed cost base. However, the compute ordered to execute the EPIC contract and attached asset financing will be reflected in the 2H compressing EBIT margins.