Worley Targets Low Double-Digit EBITA Growth, $13B Backlog Fuels Confidence

Reaffirming Confidence Amid Market Uncertainty

Worley Limited (ASX: WOR) has reaffirmed its financial outlook for the 2025 fiscal year, projecting low double-digit growth in earnings before interest, tax, and amortisation (EBITA) and underlying EBITA margins between 8% and 8.5%. This guidance is contingent on stable market conditions, reflecting the company’s cautious optimism amid ongoing global economic and geopolitical uncertainties.

CEO Chris Ashton emphasised the company’s resilience and strategic agility, highlighting a $9.4 billion bookings pipeline as of March 2025, surpassing the $9 billion recorded in the same period last year. This growth is underpinned by strong contributions from the resources sector and a 14% increase in the factored sales pipeline, excluding Venture Global projects.

Operational Reorganisation to Drive Efficiency and Growth

Effective July 1, Worley will implement a significant operational reorganisation aimed at streamlining its operating model to enhance full-project delivery capabilities. This shift is designed to strengthen leadership in core markets, energy, chemicals, and resources, while driving margin expansion and cost discipline. The reorganisation also prioritises expanding work through Global Integrated Delivery (GID) centres in India and Colombia, which are expected to deliver cost savings and accelerate digital innovation.

Worley’s strategy focuses on strengthening its leadership position, expanding into growth markets, and innovating through digital technologies and artificial intelligence. The company is leveraging its extensive global footprint, deep customer relationships, and proprietary technologies like Comprimo and Chemetics to maintain competitive advantages across traditional, transitional, and sustainable sectors.

Digital Innovation and Sustainability at the Forefront

Digital transformation is a cornerstone of Worley’s growth strategy. The company is deploying advanced AI tools to enhance project delivery, improve capital efficiency, and reduce operational risks. Initiatives such as AI-powered vendor analysis, automated project hold detection, and AI-assisted customer response generation exemplify Worley’s commitment to harnessing technology for operational excellence.

In addition, Worley continues to deepen its involvement in sustainability-related projects, with a growing share of its work focused on low-carbon fuels, energy transition materials, and environmental solutions. The company’s diversified portfolio across energy, chemicals, and resources sectors positions it well to benefit from long-term macro trends, including rising demand for cleaner energy and critical minerals.

Financial Discipline and Shareholder Value

Worley maintains a disciplined approach to capital management, balancing investments in growth areas with shareholder returns. The company has repurchased approximately 8 million shares since March 2025, reflecting confidence in its outlook and financial strength. With a strong balance sheet and an investment-grade credit rating, Worley is well-positioned to fund strategic initiatives while managing risks associated with market volatility.

Looking ahead, Worley’s leadership underscores the importance of agility and customer focus in navigating evolving market dynamics. The company’s integrated strategy of operational excellence, digital innovation, and sustainability commitment aims to unlock long-term shareholder value despite the challenges posed by global economic uncertainties.