Worley (ASX:WOR) Reports 243% Surge in Profit Before Tax for FY24, EPS Jumps 7%

Wed 05 Feb 25, 09:11 AM | Team Kalkine

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Highlights

In FY24, profit before income tax surged 242.5% YoY to AUD 500 million and basic EPS jumped 724.3% YoY to 57.7 cents.

Worley secured 1,048 sustainability-related project wins in Q1FY25

The company aims to increase sustainability-related revenue to 75% by FY26.

Worley Limited (ASX:WOR) is a provider of professional services to the energy, chemicals, and resources sectors. Since July 2021, the company has secured nearly AU$7.6 billion in contracts across carbon capture, battery materials and low-carbon hydrogen sectors. Notably, a 99% normalised cash conversion rate has been maintained through disciplined cost management.

In the financial year 2024 (FY24), the company reported total revenue and other income of AUD 11.8 billion, marking a 4.2% YoY increase. Notably, profit before income tax surged by 242.5% YoY to AUD 500 million and basic earnings per share (EPS) soared 724.3% YoY to 57.7 cents.

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