2026 Full Year Results
Annual Report Highlights
Worley1 is a global company of energy, chemicals and resources experts listed on the Australian Securities Exchange (ASX:WOR).
We partner with our customers to deliver projects and create value across the life of their assets. We specialize in consulting, engineering, procurement and construction across the project lifecycle, with services extending through to operations and decommissioning. Leveraging extensive experience and AI-enabled delivery, we support customers in navigating complexity as they meet today’s needs and transition to more sustainable solutions..
1 Worley Group Limited [WOR] and its subsidiaries, the Consolidated Entity.
Navigating uncertainty and positioning for long‑term value
The past year was marked by significant geopolitical uncertainty, changing investment patterns, and continued transformation across the industries we serve. While these conditions created disruption in some regions, they also reinforced several enduring priorities for governments, industry and communities: energy security, affordability, resource resilience and the infrastructure needed to support economic growth.
Against this backdrop, Worley continued to support customers to respond to these priorities, and this has led to strong levels of activity across many of our markets. At the same time, we maintained our focus on disciplined operational and project execution across our global portfolio, sound governance, and long-term value creation for our shareholders.
On behalf of the Board, I thank our people for their dedication and commitment throughout the year, and our shareholders for their continued support.
John Grill, AO
Chair and Non-Executive Director
Supporting our customers when it matters most
Throughout the year, our people have delivered for customers in often challenging circumstances. The safety, wellbeing and engagement of our people always comes first, and this year reinforced that commitment in many parts of the world.
The ongoing conflict in the Middle East in particular has seen us prioritize our people while maintaining support for customers and critical projects. I am proud of the way our teams responded, including through our dedicated R3 (Ready Response and Recovery) team, which worked tirelessly to support employees, their families and our operations during periods of disruption.
Chris Ashton
CEO and Managing Director
Financial highlights
Worley delivered strong financial performance in FY2026, with continued growth in revenue, EBITA and cash flow. We maintained an investment-grade profile, improved quality of earnings, and delivered strong bookings – reflecting the strength of our delivery model and strategic positioning in core and growth markets.
Five year financial performance at a glance
Performance highlights
We continued to advance our ambition to lead in sustainability solutions – investing in our people, expanding digital capabilities, and supporting customers with more integrated, lower-impact project outcomes. Progress on gender diversity and emissions reduction reflects our commitment to creating positive environmental and social impact.
Our people
People focuses on engaging and empowering our workforce to drive positive outcomes for customers while supporting communities and the environment.
0.006
Serious Case Frequency Rate reduced from 0.02 in FY2025
20%
of our senior leaders are female, retained from 20% in FY2025
Our portfolio
Portfolio highlights our role as a trusted partner to our customers, delivering best-in-class solutions and maintaining strong relationships.
69%
sustainability-related aggregated revenue
$13.8b
revenue in backlog
Our planet
Planet underscores our dedication to responsible environmental stewardship across the lifecycle as we design, build and maintain our customers’ assets.
75%
of our top 20 customers by revenue have net zero commitments
76%
reduction in Scope 1 and Scope 2 GHG emissions since FY2020
Operational highlights
Operational discipline
- Repositioning capability to areas of higher demand
- Delivering structural cost savings across the business
- Maintaining strong project execution
93.6%
normalized cash conversion ratio within target range of of 85%‑95% for FY2026
44.3
days sales outstanding
below target of 65 days
Capital management
- Reinvest for value accretive growth
- Return surplus capital to shareholders
- Maintain balance sheet strength
$500m
share buyback completed,
additional $300m buyback underway
$132m
cost out actions achieved, reducing the cost base, offsetting inflationary pressures and reinvesting for future growth
Strategy
Our strategic framework: Strengthen, Expand, Innovate
Our strategic framework is focused on the areas where we see the greatest potential for growth. Our core capabilities, operational excellence and financial discipline set us apart and enable us to deliver on our commitments.
Operating and financial review
Worley is a global company of energy, chemicals and resources experts listed on the Australian Securities Exchange (ASX:WOR).
We partner with our customers to deliver projects and create value across the life of their assets. We specialize in consulting, engineering, procurement and construction across the project lifecycle, with services extending through to operations and decommissioning. Leveraging extensive experience and AI-enabled delivery, we support customers in navigating complexity as they meet today’s needs and transition to more sustainable solutions.
Operations
Our sectors
Energy
Traditional and low carbon energy and power, including oil, gas, LNG, electricity generation and emerging fuels such as hydrogen. Encompasses a broad range of activities across conventional supply, power systems and evolving energy technologies, reflecting the increasing diversity of global energy markets.
Chemicals
Refining, petrochemical and broader chemical industries, including renewable fuels, polymers, direct air capture (DAC) and specialty chemicals. Spans a wide range of manufacturing and processing activities, from large‑scale commodity production through to more specialized and performance‑driven applications.
Resources
Minerals, metals and natural resources, including commodities critical to global growth and the energy transition. Encompasses mining, processing, fertilizers and water systems, including associated infrastructure and water use, treatment and re‑use. Covers both established resource basins and emerging materials aligned to electrification and decarbonization.
Our diversified business1
1. See Directors' Report and Financial Statements for further detail on performance.
Our people
ESG performance
We communicate our ESG performance transparently as part of our annual reporting suite. We have been a signatory of the United Nations Global Compact (UNGC) for over 15 years. Our reporting is guided by global reporting frameworks, including Global Reporting Initiative (GRI), CDP and the UN SDGs.
Performance
Our performance reporting is structured around three core pillars – People, Portfolio and Planet – that guide how we create value for customers, shareholders and communities. These sections provide a detailed overview of our performance across all areas of our business.
Risk management
Our approach
Our ability to create and protect value is underpinned by our focus on emerging and current risks. Our approach to risk management and a culture of encouraging transparent communications supports escalation of material matters. This involves visible leadership, identifying the material risks we face, and making informed decisions that align with our strategy and values.
Directors’ report
The Directors present their report on Worley Limited (Company or Worley) and the entities it controlled (Group or consolidated entity) at the end of the year ended 30 June 2026.
This report outlines Worley’s remuneration framework and remuneration outcomes for the year ended 30 June 2026.
Financial statements
Consolidated financial information and related notes forming part of the consolidated financial statements.
Sustainability Report
Consolidated climate-related financial information and related notes in accordance with the Australian Sustainability Reporting Standards.
Additional information
Summary of shareholder information, including top 20 holdings of fully paid ordinary shares as at 31 July 2026.
Defines the terms used throughout the Annual Report and in our FY2026 Climate Change Report and Sustainability Basis of Preparation.
This annual report contains forward-looking statements. Such statements may include, but are not limited to, statements regarding climate change and other environmental, energy and emissions reduction targets and transition scenarios. It also contains statements about expectations of energy consumption and related emissions, availability of lower emissions energy and power sources, future demand for Worley’s services, Worley’s (and its customers’) decarbonization efforts, global market conditions, management plans, goals and strategies. The statements also cover current expectations of Worley’s business and operations, financial conditions, capital costs and scheduling, and the availability, implementation and adoption of new technologies. Forward-looking statements can generally be identified by the use of words such as ‘estimate’, ‘plan’, ‘will’, ‘anticipate’, ‘could’, ‘may’, ‘expect’, ‘outlook’, ‘target’, ‘goal’ and other similar expressions.
These forward-looking statements reflect the Group’s expectations at the date of the FY2026 Annual Report and reflect assumptions and other information available as at the date of this document. They are not guarantees or predictions of future performance or outcomes. They involve known and unknown risks and uncertainties, many of which are beyond our control and may cause actual outcomes and developments to differ materially from those expressed in the statements. Factors that may affect forward-looking statements include legal and regulatory changes, technological changes, customer investment in the energy transition, economic and geopolitical factors including global market conditions, demand and availability of highly skilled people, and risks, including physical, technology and GHG emissions reductions risks.
For these reasons, the Group cautions readers against relying on any forward-looking statements or guidance as though they were guarantees of the future state of affairs, and the Group makes no representation as to the likelihood of fulfillment of any such forward-looking statements, or any outcomes expressed or implied in any such statements.
Except as required by applicable laws or regulations, the Group does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events.
This document may contain statements that have been prepared by Worley on the basis of information from publicly available sources, and other third-party sources. Except where otherwise indicated, any third-party information has not been verified by the Group and, to the maximum extent permitted by law, Worley does not make any representation or warranty (express or implied) as to the currency, accuracy, reliability, or completeness of such information.