DURATEC LIMITED — Interim / Quarterly Report 2024

Feb 22, 2024

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1HFY24 APPENDIX 4D

APPENDIX 4D

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DURATEC LIMITED

ABN 94 141 614 075

RESULTS FOR ANNOUNCEMENT TO THE MARKET

The current reporting period is the half‐year ended 31 December 2023 and the prior reporting period is the half‐year ended 31 December 2022

ended 31 December 2022
	Dec-23	Dec-22
	$'000	$'000	%
Revenue from ordinaryactivities	292,737	228,532	28%
Netprofit before tax from ordinaryactivities attributable to members	15,927	11,002	45%
Profit from ordinary activities after tax attributable to members	12,225	7,846	56%
Net tangible assets per share
	Dec-23	Dec-22
Net tangible asset backing per ordinary share (cents per share)	15.34	8.64

Dividends

During the half-year the board resolved to pay a Final 2023 dividend of 3.0 cents per share (fully franked) totalling $7,420,338 with a payment date of 9 October 2023. $6,681,957 was paid in cash with the remainder reinvested via the Duratec Dividend Reinvestment Plan.

Since the end of the reporting period, the Directors have declared an interim dividend for 2024 of 1.5 cents per share (fully franked) to be paid on 7 May 2024. The ex-dividend date will be 16 March 2024 and the record date to determine entitlements will be 18 March 2024.

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 transaction 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 (rounded to the nearest cent) 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 interim 2024 dividend is 19 March 2024.

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

Explanation of results

This information is contained in the Half‐Year Results Announcement and Half‐Year Results Presentation.

Control gained or lost over entities during the period

There have been no gains or losses of control over entities in the period ended 31 December 2023.

Details of associates & JV arrangements

Details of associates & JV arrangements	Details of associates & JV arrangements
Reporting entity’spercentage holdingContribution to profit / (loss)(where material)
NameReportingperiod%Relationship	Previousperiod%Reportingperiod$’000Previousperiod$’000
DDR Australia PtyLtdAssociate49	49576940
Duratec Ertech JV1Joint Arrangement50	50777604

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 qualification or review

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