Lycopodium (LYL) H2 2024 earnings summary

Executive summary

• Achieved record revenue and profit for FY2024, driven by high activity, staff utilization, and robust markets, with over 1,300 staff globally.

• Expanded global presence with a new office in Lima, Peru, and released inaugural Sustainability Report.

• Continued investment in people, systems, and geographic diversification, maintaining a stable board and strong client relationships.

Financial highlights

• Revenue reached AUD 349 million, up from AUD 327.6 million in FY2023.

• Net profit after tax was AUD 50.7 million; EBITDA was AUD 77.1 million.

• Earnings per share of AUD 1.276; full year fully franked dividend of AUD 0.77.

• Cash in bank at June 30 was AUD 67.6 million; return on equity was 42.2%.

• Price-to-earnings ratio at 9.8 as of 20 August 2024.

Outlook and guidance

• Strong long-term demand for minerals and metals, especially due to the global energy transition.

• Continued high demand for gold and iron ore projects, supported by infrastructure investment.

• Positive outlook for rail infrastructure and industrial processes, with opportunities in waste, recycling, water, and hydrogen.

• Strategy remains focused on geographic expansion, balanced project portfolio, and innovation.