Key Highlights

  • FY27 Revenue guidance is now $2.00 billion to $2.08 billion, against the $1.9 billion prospectus forecast.
  • Normalised EBIT guidance is $105 million to $110 million, up from the $100 million prospectus forecast, with the Margin held at about 5.3%.
  • Work in hand reached $2.85 billion at 31 October 2026, up $350 million or 14% from 30 June 2026.
  • No single sector accounts for more than one-fifth of work in hand, with industrial at 18.1%, education at 17.1% and data centres at 16.3%.

FDC Consolidated Holdings Limited (ASX:FDC) has upgraded its FY27 revenue and normalised EBIT guidance by 5% to 10%, citing project execution, Earnings to date and new contract wins. The update dated 11 November 2026 covers the year ending 30 June 2027 and compares the revised figures with the pro forma forecasts given in the company’s prospectus.

The revised numbers against the prospectus

Revenue guidance now sits between $2.00 billion and $2.08 billion, compared with the $1.9 billion prospectus forecast. Normalised EBIT is set at $105 million to $110 million, against $100 million previously. The company has kept the normalised EBIT margin at about 5.3%, the same level as the prospectus forecast, which means the upgrade comes from higher expected Volume rather than a higher margin.

The company said revenue already delivered, together with secured work scheduled for the rest of FY27, now fully supports the original prospectus revenue forecast. The updated guidance is on the same normalised basis as the prospectus figures, so the two sets can be compared directly.

Work in hand and sector mix

Work in hand stood at $2.85 billion at 31 October 2026, up $350 million or 14% from 30 June 2026. New wins came from both the Construction and Fitout & Refurbishment disciplines, spanning retirement living and aged care, education, industrial, health, data centres, public spaces and commercial projects.

The company said no single sector accounts for more than one-fifth of the order book. Industrial work makes up 18.1%, education 17.1% and data centres 16.3%. That spread reduces reliance on any one client category, although the three largest sectors still represent just over half of the total.

The assumptions and what remains uncertain

The guidance assumes current trading conditions continue, that projects progress broadly in line with expected schedules and that no material adverse changes occur in market conditions or in the group’s operations. The company warned that changes in economic conditions, project timing and delivery costs may cause actual results to differ materially.

The four months to 31 October 2026 are unaudited, and normalised EBIT is a non-IFRS measure that should be read alongside statutory figures. FDC describes itself as an Australian construction and building services contractor founded in 1990, employing more than 730 people, and working mainly in the non-residential building market.

Final Word

FDC has raised its FY27 outlook while keeping the margin unchanged, and the figures rest on work already secured and on projects running to schedule. Shareholders will be watching how the order book converts into revenue over the rest of the year, whether project delivery costs stay in line with the assumptions and how the mix across sectors and project sizes develops.