Perenti FY26 slides: record earnings on margin gains, flat revenue

Perenti Limited's FY26 results reveal record earnings on margin gains despite flat revenue, as the mining services company continues its strategic shift toward higher-margin markets in Australia and North America. The company delivered on guidance for the fifth consecutive year, with EBITDA declining 2% to $652 million, while underlying EBIT(A) reached a new record of $340 million, up 2% year-over-year.

This margin expansion led to underlying NPAT(A) rising 8% to $192 million and earnings per share increasing 7% to 20.5 cents. Safety remained the company's top priority, achieving zero fatalities and reducing both Total Recordable Injury Frequency Rate (TRIFR) to 6.0 and Serious Potential Injury Frequency Rate (SPIFR) to 2.8.

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