2356 GMT - Downer's 1H underlying profit and FY26 guidance is ahead of expectations, says RBC Capital Markets in a note. Underlying profit--adjusted for amortization, or Npata--of A$136.1 million beats RBC's estimate of A$132 million and consensus of A$129 million, the broker says. Annual profit guidance of A$295 million-A$315 million compares to RBC's forecast of A$293 million and consensus of A$300 million. Downer also reports a "meaningful step up" in work in hand, which rises by 8.9%, the broker says. RBC has an outperform rating and A$8.75 target on the stock. Downer's share rise 3.2% to A$7.98. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 18, 2026 18:56 ET (23:56 GMT)
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