ASX-listed GR Engineering Services has restated its A$500-520 million forecast revenue range for the 2026 fiscal year after reporting a 20% year-on-year drop in first-half revenue to $218 million.
EBITDA for the FY26 first half was also down at $34.5 million. GR’s board has resolved to increase the company’s interim fully franked dividend to 12c a share (from 10c previously).
“The HY26 period was characterised by solid operational performance across the group,” managing director Tony Patrizi said.
“GR Engineering is currently working on multiple minor projects, ongoing FEED and early contractor involvement engagements and is involved in a high volume of studies across a broad range of commodities and geographies.”
Western Australia gold producer Genesis Minerals meanwhile announced GR was its preferred engineering, procurement, construction (EPC) contractor for its proposed $250-280 million, 3.5-4 million tonnes per annum gold plant at Tower Hill in WA. A $225 million EPC contract would see GR handling mill design, procurement, construction, installation and commissioning.
Genesis said about $20 million of of critical-path long lead items, including ball and SAG mills, crushers and feeders, would be “ordered imminently” for Tower Hill.
GR said its Mipac and Paradigm control systems, operational technology and engineering services subsidiaries continued to deliver control systems, automation and digital solutions for key repeat clients such as BHP, Rio Tinto, First Quantum, Ok Tedi and HudBay in H1.
