Worley Ltd (ASX:WOR)
A$ 12.27 +0.17 (+1.4%) Market Cap: 6.21 Bil Enterprise Value: 7.88 Bil PE Ratio: 18.66 PB Ratio: 1.17 GF Score: 84/100

Half Year 2025 Worley Ltd Earnings Call Transcript

Feb 25, 2025 / 11:00 PM GMT
Release Date Price: A$14.02 (-0.99%)

Key Points

Positve
  • Worley Ltd (WYGPF) delivered a strong financial performance with a 6.8% growth in aggregated revenue and a 9% increase in underlying EBITDA.
  • The company announced a share buyback of up to $500 million, reflecting confidence in its financial position and growth outlook.
  • Worley Ltd (WYGPF) has maintained a strong cash flow and disciplined capital management, supporting its growth strategy.
  • The company has a diversified business model across sectors and geographies, which underpins its resilience and ability to support customers' shifting portfolios.
  • Worley Ltd (WYGPF) continues to invest in strategic growth areas such as carbon capture and blue hydrogen, which are delivering accretive returns.
Negative
  • The company faces a challenging operating environment with geopolitical dynamics and economic headwinds impacting the pace of energy transition.
  • There is a slight decline in the backlog due to project cancellations, such as the Northvolt battery materials project.
  • The factor sales pipeline has seen a marginal decline, indicating potential challenges in securing new projects.
  • Worley Ltd (WYGPF) is experiencing a moderated growth year, with some customers reassessing capital investments in sustainability projects.
  • The company's effective tax rate remains relatively high at 33%, which could impact net profitability.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WOR.AX - Worley Ltd
Half Year 2025 Worley Ltd Earnings Call
Feb 25, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Worley's Half-yard 2025 results conference call. At this time, all participants are listen-only mode. After the speaker's presentation, there'll be a question and answer session.

To ask a question during a session, you need to press 11 on your telephone and wait for your name to be announced. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Chief Executive Officer, Chris Ashton. Please go ahead.

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Unidentified_2 [2]
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