Highlights

• Worley maintained a strong project pipeline with backlog increasing to AU$13.8 billion, supported by demand across energy, resources and infrastructure markets.
• The company delivered AU$12.023 billion in aggregated revenue and AU$734 million in underlying EBITA, despite geopolitical uncertainty and softer conditions in some regions.
• Worley advanced its growth strategy through digital capabilities, AI adoption and full project delivery expansion, targeting long-term earnings growth opportunities.

Worley Builds Resilience Amid Market Uncertainty

Worley Limited (ASX: WOR) continued strengthening its global position as an energy, chemicals and resources services provider in FY26, navigating geopolitical disruptions while maintaining activity across key markets. The company generated AU$12.023 billion in aggregated revenue, while underlying EBITA reached AU$734 million during the year as reported in their annual report for FY26 on 26 August 2026. The company’s performance was affected by Middle East disruptions, delayed customer investment decisions and foreign exchange movements. However, demand for energy security, critical resources and infrastructure development continued to support long-term growth opportunities.

Strong Backlog Supports Future Visibility

Worley’s backlog increased to AU$13.8 billion, compared with AU$12.7 billion in FY25, reflecting continued customer confidence and progress across major projects. On a constant currency basis, backlog reached AU$15.0 billion, providing improved visibility across future delivery opportunities.

The company continued expanding its role across the project lifecycle, from consulting and engineering through procurement, construction and operational support. This integrated delivery model is designed to help customers manage increasingly complex infrastructure and energy projects.

Growth Driven by Energy and Infrastructure Demand

Worley is targeting growth markets including integrated gas, energy transition materials, data centres, power generation and critical infrastructure. These markets are being supported by rising capital allocation towards reliable energy systems, electrification initiatives and stronger supply chain networks. The company continues supporting customers across energy, chemicals and resources, with capabilities spanning traditional energy, LNG, hydrogen, critical minerals, mining and infrastructure projects.

Digital and AI Investment Shapes Next Phase

Worley is accelerating digital transformation through AI-enabled tools aimed at improving productivity, project execution and decision-making. The company plans to invest AU$70 million over two years to expand digital capabilities, enhance workforce skills and embed AI across operations. Cost discipline also remained a focus, with the company achieving AU$132 million in cost-out actions, helping offset inflationary pressures and support reinvestment into growth initiatives.

Outlook Remains Linked to Project Activity

For FY27, Worley expects mid-to-high single-digit growth in underlying EBITA and aggregated revenue, supported by stronger activity in North America, major project opportunities and improving demand conditions across core markets.  With a diversified portfolio, growing backlog and exposure to long-term energy and infrastructure investment trends, investors will be watching execution against the company’s growth strategy while monitoring geopolitical risks and project timing.

Note- All data presented is based on information available at the time of writing.

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