Worley Limited (ASX:WOR) Reaffirms FY25 Outlook at Investor Day
Financial Performance
Worley Limited (ASX:WOR) has reaffirmed its financial outlook for the 2025 fiscal year, expecting low double-digit EBITA growth and underlying EBITA margins between 8-8.5%, subject to stable market conditions. The company has secured $9.4 billion in wins up to March this financial year, an increase from $9 billion in the same period last year. Additionally, Worley’s factored sales pipeline has grown by 14% since January 2025, excluding Venture Global.
Operational Reorganisation
Effective July 1, Worley will implement an operational reorganisation aimed at streamlining its operating model to support margin growth and enhance operational efficiency. The reorganisation focuses on strengthening leadership in core markets such as energy, chemicals, and resources while expanding capabilities in growth markets. The company is also prioritising an increase in work delivered through its Global Integrated Delivery centres in India and Colombia to achieve cost savings and fast-track digital innovation.
Share Buyback Program
Worley has commenced its share buyback program on March 17, 2025. As of May 7, 2025, the company has purchased approximately 8 million shares at an average price of $12.69, totaling A$101.6 million, excluding broker fees.
Executive Comments
CEO Chris Ashton stated, “While we acknowledge current uncertainty in global markets, we are stronger than ever, with our business continuing to show resilience. We continue supporting our customers as they navigate this environment while maintaining strong financial discipline and building on the foundations that underpin our long-term growth.”
He further added, “Our industry leading expertise is applied across geographies and sectors, as well as across traditional, transitional and sustainable work. We continue to build on our competitive advantages, benefiting from our business diversification, depth of capability and agility. This strong market positioning, together with commercial and financial discipline, ensures our business remains resilient through market cycles.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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