Latest Duratec (ASX:DUR) News

Duratec Limited is set to acquire Newcastle-based Pacific Welding Australia for up to $12 million, boosting its Energy and Mining sector footprint in NSW. The deal enhances Duratec’s self-perform capabilities and access to key Hunter Region clients.

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Duratec Limited’s subsidiary has secured a significant multi-million dollar contract to provide plug and abandonment services in Papua New Guinea, marking a strategic expansion in the energy services sector.

Duratec Limited reported a modest revenue decline in 1H FY26 but posted gains in profitability and maintained its dividend, underpinned by strategic acquisitions and sector diversification.

Duratec Limited’s joint venture with Ertech has been greenlit to begin early procurement for critical infrastructure upgrades at HMAS Stirling, supporting Australia’s future submarine capabilities under the AUKUS partnership.

Duratec Limited has announced a fully franked final dividend of AUD 0.025 per share for the fiscal year ending June 2025, accompanied by a Dividend Reinvestment Plan offering a 5% discount on new shares.

Duratec Limited reported a record FY25 with revenue climbing to $573 million and EBITDA up 11.3%, driven by strong growth in Energy and Emerging sectors despite softer Defence and Mining results.

Duratec Limited reported record FY25 results with revenue of $573 million and a robust $4.16 billion project pipeline, driven by strong Energy and Emerging sectors growth. Despite Defence sector delays, the company is well positioned for expansion in FY26.

Duratec Limited reported a steady 3.1% revenue increase for FY25 alongside strategic acquisitions that broaden its service offerings. The company also declared a fully franked final dividend, signaling confidence in its growth trajectory.

Duratec Limited has acquired EIG Australia for up to $9 million, significantly boosting its fuel infrastructure and electrical services capabilities across key Australian sectors including Defence and Mining.

Duratec Limited has lowered its FY25 revenue and EBITDA guidance due to project delays and weather disruptions but remains optimistic about a robust pipeline and growth prospects in FY26.