"" Record Revenue and Growth Guidance
Lycopodium Limited (ASX:LYL) has delivered record revenue of $377.5 million in FY2026, driven by increased project activity across its diversified portfolio. The company has guided for 50% revenue growth in FY27, underscoring its confidence in its expanded project pipeline and geographic diversification strategy.
Strong Top-Line Growth and Normalized Margins
Lycopodium's FY2026 results demonstrated strong top-line growth, with revenue climbing 11% year-over-year to reach a record $377.5 million. However, EBITDA declined 13% to $59.5 million, and net profit after tax fell 5% to $40.2 million. The company's NPAT margin of 10.6% represented a decline of 1.8 percentage points from the prior year but aligned with management's stated long-term target of approximately 10%.
Diversified Portfolio and Balance Sheet
The company maintained a robust balance sheet with minimal leverage, ending the fiscal year with $106.2 million in cash and equity of $170.7 million. Return on equity stood at 25.0%, while net tangible assets reached $3.92 per share.
Americas Expansion and Growth
Lycopodium's disciplined expansion into the Americas has been a key growth pillar for the company. The company outlined a three-phase strategy that has evolved over 15 years, beginning with the establishment of a Toronto beachhead office in 2011 and culminating in the recent acquisition of 60% of SAXUM, a South American engineering firm with operations across seven locations.
Project Pipeline and Growth Metrics
The company's current portfolio as of June 30, 2026, included more than 90 resource studies, representing a doubling since December 2025, with a combined capital value of $11.4 billion. Projects in delivery exceeded 50, representing approximately 70% growth versus December 2025, with managed capital expenditure of $4.9 billion.
Safety Performance and Diversified Portfolio
Safety performance remained a cornerstone of operations, with the company recording 8.96 million controlled service hours over the 12 months ended June 30, 2026. The company's diversified portfolio spans multiple geographies, client types, and commodities, with revenue by geography showing Africa accounting for 58% of total revenue.
Categories: [bitcoin, ethereum, markets, defi-news, regulation] Tags: [lycopodium, australia, engineering, project delivery, americas expansion] image_prompt: A bold graphic silhouette of a map of South America with several locations highlighted, including Lima, Buenos Aires, and Belo Horizonte.
