DURATEC LIMITED — Annual Report 2024

Aug 27, 2024

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FY24 APPENDIX 4E

APPENDIX 4E

DURATEC LIMITED

ABN 94 141 614 075

RESULTS FOR ANNOUNCEMENT TO THE MARKET

The current reporting period is the year ended 30 June 2024 and the prior reporting period is the year ended 30 June 2024.

	FY24 $'000	FY23 $'000 %
Revenue from ordinaryactivities	555,792	491,796 13.0%
Profit after income tax expense for the year attributable to members		19,201 11.6%
	21,430

Net tangible assets per share

Net tangible assets per share
NTA Backing	30 June 2024	30 June 2023
	cents per share	cents per share
Net tangible asset backing per ordinary share	18.22	12.8�

Dividends

During the year, the 2023 final dividend of 3 cents per share (fully franked) totalling $7,420,216 was paid on 9 October 2023. $6,681,957 was paid in cash with the remainder reinvested via the Duratec Dividend Reinvestment Plan.

The board resolved to pay a 2024 interim dividend of 1.5 cent per share (fully franked) totalling approximately $3,719,402 with a payment date of 7 May 2024. $3,268,107 of this total was paid in cash whilst the remainder was reinvested via the Duratec Dividend Reinvestment Plan.

Since the end of the reporting period, the Directors have declared a final dividend for 2024 of 2.5 cents per share (fully franked), to be paid on 9 October 2024. The ex-dividend date will be 17 September 2024 and the record date for determining entitlements to the dividend will be 18 September 2024.

The Board resolved to move to mandatory direct credit for payment of dividends commencing for dividends relating to the 2025 financial year. To update your holding to include your bank account details, visit https://www.computershare.com.au/easyupdate/dur

Dividend Reinvestment Plan

The DRP is optional and offers ordinary shareholders in Australia and New Zealand the opportunity to acquire fully paid ordinary shares without transactions costs. Shares issued under the DRP will be derived from new issued ordinary shares. The shares will rank equally with other ordinary shares already on issue. The new shares will be issued at a price equal to the average of the daily volume weighted average market price of Duratec Ltd shares sold in the ordinary course of trading on the ASX over a period of 10 trading days beginning on the day after the relevant dividend record date, discounted by 5%, rounded to 4 decimal places. The last date for the receipt of an election notice for participation in the DRP in relation to the final 2024 dividend is 19 September 2024.

To elect to participate in the DRP, visit https://www.computershare.com.au/easyupdate/dur

Explanation of results

This information is contained in the 30 June 2024 Results Announcement and 30 June 2024 Results Presentation.

Control gained or lost over entities during the period

On 29 January 2024, Duratec Limited obtained control over the business of A&B Welding Pty Ltd. A&B Welding Pty Ltd provides fabrication & welding, labour hire, maintenance and other specialised services.

Details of associates & JV arrangements

Details of associates & JV arrangements
Name Relationship	Reporting entity’s percentage holding	Contribution to profit / (loss) (where material)
	Reporting period % Previous period %	Reporting period $’000 Previous period $’000
DDR Australia PtyLtd Associate	49 49	1,196 636
Duratec Ertech JV1 Joint Arrangement	50 50	1,959 1,884

1 The joint arrangement listed above is classified as a joint operation and is not a separate legal entity. Duratec Ertech JV is a contractual arrangement between participants for the sharing of costs and outputs and Duratec Limited's share is proportionately consolidated in its financial accounts.

Audit report

This report is based on the annual financial report which has been independently audited and is not subject to qualifications.

Authorised for release to the ASX by the Board of Directors of Duratec Limited.

Investor Contact

Duratec Limited Dennis Wilkins + 61 417 945 049

About Duratec Limited

Duratec Limited (ASX: DUR) is a leading Australian contractor providing assessment, protection, remediation, and refurbishment services to a broad range of assets and infrastructure. The Company's multi-disciplined capabilities combine engineering experience with project delivery expertise and use a range of in-house assessment technologies, including 3D capture and modelling technology with predictive analysis tools. Headquartered in Wangara, Western Australia, Duratec has fifteen branches around the country in capital cities and regional centres, delivering services across multiple sectors including Defence, Commercial Buildings & Facades, Infrastructure (Water, Transport & Marine), Mining & Industrial, Power and Energy.

Please visit www.duratec.com.au for further information.