Industrials

• It then expected sales revenue growth of 2% to 3% (previously 3% to 4%) andUnderlying Profitgrowth of 3% to 5% (previously 8% to 11%), with freeCash Flowbefore dividends of US$1,000 million to US$1,100 million.

• The FY27 EBIT guidance of $500 million to $530 million is therefore one reference point for any buyer, as are FY26 freeCash Flowof $213.8 million and the quality of the contract book.

• DBI reported committed non-expansionCapitalworks in progress of $370.6 million, including Shiploader 1A and Reclaimer 4.

• TheInterim Dividendwas 4.6 cents per share, unfranked, representing a 50% payout ratio.

• NetDebtto EBITDA was 0.8 times (previously 0.9 times), cash conversion was 91.1% against a target above 90%, andLiquiditywas about $1.8bn.

• Engineering Construction, which builds and installs plant for resources, energy and infrastructure clients, had revenue of A$1,374.0 million, up from A$925.3 million.

• In FY26,Miningproduced revenue of $1,539.5 million, essentially flat, but underlying EBITA rose 15.6% to $139.9 million, a 9.1% margin.