Duratec Issues Positive FY25 Financial Guidance with Revenue Growth Expected

2 min read | November 22, 2024 05:02 PM AEDT | By Team Kalkine Media

Duratec Issues Positive FY25 Financial Guidance with Revenue Growth Expected — Image source: shutterstock

Financial Forecast

Duratec expects revenue to reach $600 million to $640 million, reflecting growth from the $555.8 million reported in FY24. Projected EBITDA is set to rise to $52 million to $56 million, a notable improvement from the previous year’s $47.6 million.

The guidance is based on the company’s year-to-date earnings, ongoing projects, and assumptions about new contracts expected to be secured and delivered by the fiscal year-end.

Strong Orderbook and Pipeline

As of now, Duratec’s orderbook stands at $409 million, excluding recurring revenue from Master Services Agreements (MSAs) and annuity-style contracts. The company is actively pursuing tenders worth $1.5 billion and has identified opportunities totaling $4.1 billion.

Leadership Remarks

Chris Oates, Managing Director of Duratec, expressed optimism about the company’s trajectory:

“Duratec continues to work through our solid work-on-hand and is well-positioned to capitalise on our increased effort in tenders worth $1.5 billion. We have an exceptional team helping us deliver on our strategy as we look to capitalise on the very strong outlook position.”

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