Consistent Growth in Revenue and Earnings
Worley achieved its fourth consecutive year of growth, with aggregated revenue increasing by 4% and underlying EBITA growing by 10% year-on-year. The underlying EBITA margin, excluding procurement, was 9.2%, exceeding the outlook expectations of 8% to 8.5%.
Strong Financial Position and Share Buyback
The company initiated an on-market share buyback in March, purchasing over 13 million shares for $168 million, reflecting confidence in its financial position and growth outlook. The cash conversion ratio was at the top end of the target range at 112.5%, and days sales outstanding improved to 52 days.
Sustainability and ESG Progress
60% of revenue in FY '25 was derived from sustainability-related work, up from 52% in '24. The company's Scope 1 and 2 emissions have reduced by 73% from the 2020 base, and it maintained a leading ESG rating among peers.
Strong Backlog and Bookings
The total value of bookings increased by 32% since June 30, 2024, to $17.1 billion, with a backlog of $16.9 billion, representing a 22% increase. Notable projects include the Venture Global's CP2 LNG facility.