The Perenti Ltd (ASX: PRN) share price is in focus after the mining services company reported FY26 underlying NPAT of $192 million, up 8% on last year, and grew its EBIT(A) margin to 9.8%.
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What did Perenti report?
- Underlying revenue: $3.5 billion, steady year on year
- Underlying EBIT(A): $340 million, up 2% from FY25
- Underlying NPAT(A): $192 million, up 8% from FY25
- Underlying EPS: 20.5 cents per share, up 7.3%
- Adjusted free cash flow: $182 million, exceeding $170 million guidance
- Final dividend: 4.50 cps; total dividend of 7.75 cps, up 7%
- Leverage reduced to 0.4x
- Statutory NPAT: $44 million after impairments and discontinued operations
What else do investors need to know?
Perenti delivered its fifth consecutive year of meeting guidance, driven by operational strength and disciplined capital allocation. The company maintained a robust safety record, reporting zero fatalities in FY26 and improved safety metrics, with TRIFR and SPIFR both declining.
As part of an ongoing portfolio transition, Perenti completed the sale of BTP Group and announced plans to divest its AMS fleet in West Africa, expected to return about $150 million over the next year. The company has reinstated its on-market share buyback program, reflecting strong balance sheet discipline and a focus on maximising shareholder returns.
Leadership changes saw Vanessa Torres appointed as Managing Director & CEO in May 2026, bringing deep global mining experience, and Vincent Nicoletti joining as a Non-executive Director.
What did Perenti management say?
Vanessa Torres, Managing Director & CEO of Perenti, said:
Perenti has delivered an excellent FY26, making significant progress in safety, operational and financial performance and continuing an ongoing process of portfolio transition. We are pleased to report another year of zero fatalities, alongside improved TRIFR and SPIFR metrics, consistent with our goal of ensuring our workforce can return home safe and well.
What's next for Perenti?
Looking ahead, Perenti expects to build on its strong platform, guiding for FY27 revenue between $3.45 billion and $3.65 billion and EBIT(A) of $335 million to $355 million. The work-in-hand stands at $6.2 billion, backed by a $20 billion pipeline of tender opportunities.
The company will continue to focus on capital discipline, operational efficiency, and portfolio optimisation—balancing organic and inorganic growth to maximise total shareholder returns. Management highlighted the steady migration of revenue to Australian and North American operations and progress across sustainability and climate initiatives.
Perenti share price snapshot
The Perenti share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of over 10%.
