Australian steel and concrete remediation specialist Duratec could be in line for bumper revenue and earnings growth in FY2027 after finishing the 2026 fiscal year with a record A$651 million order book – up nearly 67% on the same time last year – and master service agreements.
Western Australian investment firm Shaw and Partners said in a research note circa-$685 million of work to be delivered in FY27 augured “very well for our FY27 revenue forecast of $694 million”.
“Additional medium-to-large project wins [are] expected throughout the first half FY27,” the firm said. “[Duratec is] currently working on 13 ECI [early contractor involvement] projects with a potential of $280 million-plus in project revenue.”
Shaw also sees a full-year contribution from FY26 acquisitions, EIG, PWA, RGK Resources and Hunter Coatings, adding positive momentum.
Duratec’s main markets are mining and industrial (20% of revenue), building and façade (24%), energy (16%) and defence (28%). The company booked record FY26 EBITDA of $58.5 million, up 10.5% on the previous year, and a higher, 10.3% EBITDA margin on $570.3 million of revenue. Net profit of $23.8 million was up 4.1% year-on-year.
Other emerging markets had a positive outlook “supported by a strong pipeline across the marine, water and transport infrastructure markets”.
The company had $78.8 million of cash on hand at the end of FY26.
ASX-listed Duratec’s share price is up about 12% year-to-date, capitalising the company at $530 million.
