{
  "id": 2901313,
  "title": "Perenti FY26 slides: record profit margins, $150M capital unlock",
  "url": "https://urgent.news/2026/08/24/perenti-fy26-slides-record-profit-margins-150m-capital-unlock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T00:16:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/perenti-fy26-slides-record-profit-margins-150m-capital-unlock-93CH-4872506"
  },
  "original_language": "en",
  "account": "Perenti (ASX:PRN) released its FY26 results on August 23, 2026, revealing record profit margins and a $150 million capital unlock. Despite flat top-line performance, the mining services group showcased EBIT(A) reaching a record $340 million. Trading at $2.44 per share, the company's stock experienced minimal movement following the announcement. Perenti's FY26 delivered its fifth consecutive year of meeting guidance while improving profitability metrics. The company's EBIT(A) margin expanded to 9.8%, up 25 basis points from the prior year, driven by a shift toward higher-quality projects in tier-1 jurisdictions. Leverage fell to just 0.4 times, while adjusted free cash flow exceeded upgraded guidance. The company declared a final dividend of 4.50 cents per share, raising total FY26 dividends to 7.75 cents—a 7% increase from the previous year. Perenti's diversified business model spans Contract Mining, Drilling Services, and Mining and Technology Services. The Contract Mining division, responsible for 70% of group revenue and 75% of underlying EBIT(A), demonstrated the most significant margin improvement. Revenue declined by 4% to $2.43 billion, but EBIT(A) grew 2% to $291 million. Drilling Services achieved record performance with 8% revenue growth and 3% EBITDA growth. The Mining and Technology Services division underwent transformation through the pending divestment of BTP Group, which will reshape the segment and focus on low-capital-intensive services. The FY26 presentation emphasized active portfolio management to unlock capital and improve returns, with $140-155 million expected from key transaction sales. Perenti's balance sheet position has never been stronger, with gross debt declining to $594 million and net debt falling to $271 million, bringing the gearing ratio to just 12.8%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Perenti FY26 slides: record earnings on margin gains, flat revenue",
        "url": "https://urgent.news/2026/08/24/perenti-fy26-slides-record-earnings-on-margin-gains-flat-revenue",
        "published": "2026-08-24T00:16:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}