Worley Ltd (ASX: WOR) shares were among the best performers on the ASX 200 on Wednesday.
The engineering services provider's shares ended the day 11% higher at $14.00.
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Why did this ASX 200 share rocket?
Investors were scrambling to buy the company's shares after responding positively to the release of its full year results.
For the 12 months ended 30 June, Worley posted a 4% increase in revenue to $12,050 million, a 10% lift in underlying EBITA to $823 million, and a 14% jump in underlying NPATA to $475 million.
Commenting on its performance, the ASX 200 share's CEO and managing director, Chris Ashton, said:
We are proud to deliver another strong result for our shareholders, reporting growth for a fourth consecutive year, reflecting the quality of our earnings and the strength of our competitive positioning.
Our results show consistent growth in revenue, earnings and margins, reflecting the strength and scale of our diversified global business, our broad and deep capabilities and a disciplined approach to strategy execution. Importantly, we set ourselves apart from our peers with commercial and financial discipline underpinned by a low appetite for risk.
Despite its strong performance, the Worley board declared a flat unfranked final dividend of 25 cents per share. This took its total dividends for FY 2025 to 50 cents per share, which was also flat on the prior corresponding period.
Though, it continues to return funds through its $500 million on-market share buy-back, with $168 million spent since March 2025.
Outlook
The good news is that the ASX 200 share appears well-placed for further growth in FY 2026.
It notes that its backlog is up 22% to $16.9 billion with wins continuing to outpace work delivered.
Commenting on its outlook, Ashton said:
For the current financial year, we are targeting higher growth in revenue than FY25, growth in underlying EBITA and expect the underlying EBITA margin (excluding procurement) to be within a range of 9.0 – 9.5%.
Ashton also spoke positively about its prospects beyond the current financial year, adding:
Beyond FY26, we are encouraged by a stronger growth trajectory emerging, supported by the quality of our backlog and pipeline, and favourable long-term market trends. We remain well positioned with a diversified business model, commercial and financial discipline, a strong balance sheet and macro trends driving demand in our customers' end markets.
