Worley Limited ( (WYGPF) ) has released its Q2 earnings. Here is a breakdown of the information Worley Limited presented to its investors.
Worley Limited is a global engineering company based in Australia, specializing in providing engineering design, project delivery, and advisory services across the energy, chemicals, and resources sectors. The company is committed to sustainability and offers solutions for decarbonization, resource stewardship, asset sustainability, and environmental and societal development.
In its latest earnings report for the half-year ending December 31, 2024, Worley Limited reported a statutory profit after tax of $183 million, marking a significant increase from the previous year’s $106 million. The company also announced an interim dividend of 25 cents per share, reflecting its stable financial position.
Key financial highlights include a 31% increase in EBITA to $376 million and a 55% rise in profit before tax to $290 million. Despite a 4% decline in statutory revenue to $5,610 million, the company’s aggregated revenue grew by 7% to $5,989 million, driven by strong performance in the Americas and EMEA regions.
Looking ahead, Worley Limited plans to undertake a $500 million share buy-back, signaling confidence in its financial health and growth prospects. The company’s strategic focus on sustainability and capital management aims to enhance shareholder value while navigating market conditions.