Lycopodium Posts $339.6M Revenue, $42.2M NPAT in FY25
Lycopodium Limited delivered FY25 results at the top end of guidance, reporting strong revenue and profit growth alongside strategic moves to deepen its global footprint, notably through the acquisition of Argentinian engineering firm SAXUM.
- FY25 revenue of $339.6 million and NPAT of $42.2 million
- Fully franked final dividend of 25 cents per share, full-year dividend of 35 cents
- Majority acquisition of SAXUM expands Latin America presence
- New Vancouver office supports North American and Latin American growth
- Robust project pipeline across mining, industrial processes, and rail infrastructure
Strong Financial Performance
Lycopodium Limited has reported a robust financial year ending June 30, 2025, with revenue reaching $339.6 million and net profit after tax (NPAT) of $42.2 million. Both figures sit at the top end of the guidance provided earlier this year, underscoring the company’s operational strength amid a busy project delivery schedule. Earnings per share stood at 106.2 cents, while the board declared a fully franked final dividend of 25 cents per share, bringing the total dividend for the year to 35 cents.
Strategic Expansion into Latin America and North America
A key highlight of FY25 was Lycopodium’s strategic acquisition of SAXUM, an Argentinian multi-disciplinary engineering firm. This move significantly enhances Lycopodium’s footprint in Latin America, complementing its existing Lima office and positioning the company to capitalize on the region’s growing demand for mineral processing and infrastructure services. Additionally, the opening of a new office in Vancouver, Canada, marks a deliberate expansion into North America, aimed at supporting clients listed on the Toronto Stock Exchange and facilitating further growth in Latin America.
Diverse and Growing Project Portfolio
Lycopodium’s project portfolio spans multiple continents and sectors, with significant progress on mining projects such as the Ahafo North Project in Ghana, Talison Lithium’s Chemical Grade Processing Plant in Western Australia, and several gold projects across Africa. The company also secured new contracts for major projects including the Twin Hills Gold Project in Namibia and the Blackwater Gold Project in Canada. Beyond mining, Lycopodium’s Industrial Processes division is advancing energy transition initiatives, notably designing a modular battery recycling facility for deployment in Australia.
Operational Excellence and Digital Integration
Throughout FY25, Lycopodium maintained an exemplary safety record despite accumulating over 15 million workhours globally. The company has also completed the rollout of a global Human Resources Information System and an Enterprise Resource Planning platform, aiming to enhance collaboration and operational efficiency. These digital tools are expected to deliver significant benefits as Lycopodium continues to integrate its expanding global operations.
Outlook and Market Positioning
Looking ahead, Lycopodium is well positioned to benefit from sustained demand in critical minerals driven by the clean energy transition, as well as ongoing investments in rail infrastructure and industrial processes. The company’s leadership in gold processing plants and modular engineering solutions further supports its growth prospects. Lycopodium plans to provide FY26 guidance at its upcoming Annual General Meeting, with current indicators pointing toward another strong financial performance.
Bottom Line?
Lycopodium’s FY25 results and strategic moves set the stage for continued growth, but integration of new acquisitions and execution of a diverse project pipeline will be critical to watch.
Questions in the middle?
- How smoothly will the SAXUM acquisition integrate into Lycopodium’s global operations?
- What specific FY26 financial guidance will Lycopodium provide at its AGM?
- How will the new ERP and HRIS systems translate into operational efficiencies and cost savings?