The earnings call reflected significant challenges faced by Wood Group, with notable declines in revenue and EBIT, high net debt levels, and a statutory loss due to impairments. However, there were positive developments with an improved order book and progress on the Sidara acquisition. Despite these gains, the overall financial performance and liquidity issues present a negative outlook.
Company Guidance
During the Wood Group's Half Year Results Call, the company provided several critical financial metrics and guidance for the upcoming periods. For fiscal year 2024, the company reported a revenue of $5.5 billion, marking a 1% decrease from the previous year. Adjusted EBIT for the same period was $81 million, a significant 52% decline compared to 2023. This decline included $55 million of independent review charges. In H1 2025, Wood Group faced a 13% revenue drop to $2.4 billion, with adjusted EBIT decreasing by 38% to $63 million. The company's net debt, excluding leases, remained stable at $683 million by the end of 2024, with average net debt reaching $8 billion throughout the year. Despite these challenges, the order book grew to $6.5 billion by June 2025, improving from $5.8 billion in December 2024. However, due to ongoing complexities and uncertainty, the company has not provided financial guidance and has removed its profit forecast from the Sidara scheme document. The Sidara acquisition remains a focal point, with the shareholder vote scheduled for November 17, 2025, aiming to secure a $250 million capital injection and extend debt facilities to 2028, which is crucial for improving liquidity and stability.
Order Book Growth
Order book at 30th June 2025 grew to $6.5 billion, significantly improved from $5.8 billion at 31 December 2024, driven by large EPCM opportunities and renewals in operations.
Sidara Acquisition Progress
The publication of financial statements satisfies conditions related to the Sidara offer, and a shareholder vote is scheduled, which upon approval will lead to a $250 million capital injection and extension of debt facilities to 2028.
John Wood (GB:WG) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:WG Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2025
18.44p
18.44p
0.00%
Mar 25, 2025
38.04p
38.24p
+0.53%
Aug 20, 2024
132.60p
134.50p
+1.43%
Mar 26, 2024
148.20p
137.90p
-6.95%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does John Wood (GB:WG) report earnings?
John Wood (GB:WG) is schdueled to report earning on Mar 17, 2026, TBA (Confirmed).
What is John Wood (GB:WG) earnings time?
John Wood (GB:WG) earnings time is at Mar 17, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.