Diluted HEPS increased from -26.7cps in 1H25 to 0.2cps in 1H26.
Revenue declined by 10.8% y-y to A$1 247m, due to a decline in the Infrastructure segment (-25.3% y-y) driven by a 37.2% y-y decline from Australia due to continued setbacks at a project in Queensland and at the Kidston Pumped Hydro project.
GPM improved from 2.7% to 5.6%.
OPM increased from -2.2% to 0.8%.
Expenses decreased by 15.2% y-y, while expense-to-sales fell from 5.0% to 4.7%.
No dividend.
Gross debt decreased by 14.4% y-y to A$59m.
Cash from operating activities increased from A$30m to A$90m.
Order book increased from A$3.2bn in FY25 to A$3.5bn in 1H26, driven by the Infrastructure segment which experienced growth in the water & wastewater and ports & coastal sectors in Australia and civil and transport sectors in New Zealand and the Pacific Islands.
