Worley Lifts Fiscal 2026 EBITA Hit to AU$60 Million

MT Newswires Live

06/25

Worley (ASX:WOR) increased its expected fiscal 2026 underlying earnings before interest, taxes, and amortization (EBITA) impact to up to AU$60 million, up from a prior estimate of AU$30 million to AU$40 million, due to ongoing Middle East project delays, according to a Thursday filing with the Australian bourse.

The company also flagged a further AU$50 million headwind from a stronger Australian dollar on foreign currency translation, per the filing.

The company said the Middle East conflict continues to disrupt project execution, with customers delaying both new awards and project starts, although no cancellations have been recorded, the filing said.

The company acknowledges the memorandum of understanding and ongoing talks to end the Middle East conflict and reopen the Strait of Hormuz while uncertainty persists, the filing added.

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