WOR FINANCIAL STATEMENTS

Worley Ltd — balance sheet, income statement and cash flow trends

WORWorley Ltd

🇦🇺 Australia · AU · Energy · Oil & Gas Equipment & Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue11.1 B A$-7.3%

Gross Profit794 M A$+0.9%

Operating Income590 M A$+7.1%

EBITDA859 M A$+13.2%

Net Income345 M A$+42.6%

Peer Comparison· Oil & Gas Equipment & Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WOR	-1.8%	7.1%	7.7%	3.1%
NEXT	-100.0%	—	—	—
WTTR	-4.2%	18.1%	15.6%	1.5%
AESI	-8.4%	7.4%	13.3%	-9.3%
XPRO	-7.9%	12.0%	17.9%	2.3%
PUMP	-15.6%	8.3%	13.9%	-1.1%
Industry median	-0.4%	18.0%	15.5%	4.4%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WOR	-1.8%	7.1%	7.7%	3.1%
PDN	—	11.0%	-15.0%	-16.7%
VEA	-5.4%	8.9%	2.3%	-1.5%
BPT	11.4%	25.6%	13.9%	-5.5%
WHC	-13.9%	23.2%	33.5%	13.1%
NHC	-18.9%	37.0%	35.5%	9.6%
Industry median	-0.4%	18.0%	15.5%	4.4%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity5.4 B A$49%
Current Liabilities3.6 B A$34%
Long-term Liabilities1.9 B A$17%

Key Figures

YoY change

Total Assets10.9 B A$+5.0%

Total Liabilities5.5 B A$+12.6%

Total Equity5.4 B A$-1.8%

Cash & ST Investments852 M A$+48.2%

Total Debt2.5 B A$+19.2%

Net Debt1.7 B A$+8.5%

Peer Comparison· Oil & Gas Equipment & Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WOR	1.02	47.2%	1.95	49.3%
NEXT	0.40	-30,852.5%	-35.26	-0.2%
WTTR	1.92	28.8%	1.05	58.1%
AESI	1.17	59.2%	4.61	50.9%
XPRO	2.13	11.4%	0.01	67.5%
PUMP	1.64	18.9%	0.19	70.1%
Industry median	1.92	44.3%	1.05	48.0%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WOR	1.02	47.2%	1.95	49.3%
PDN	5.69	—	—	88.0%
VEA	0.90	642.9%	13.87	10.6%
BPT	1.16	22.9%	1.68	58.5%
WHC	1.06	36.9%	0.62	49.4%
NHC	2.10	14.7%	-0.41	74.4%
Industry median	1.92	44.3%	1.05	48.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow606 M A$+27.3%

Capital Expenditures78 M A$+13.0%

Free Cash Flow528 M A$+29.7%

Dividends Paid-261 M A$-232.8%

Peer Comparison· Oil & Gas Equipment & Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WOR	5.4%	4.7%	0.7%	175.7%
NEXT	—	—	—	59.7%
WTTR	16.4%	-6.8%	23.2%	1,065.2%
AESI	13.5%	1.8%	11.8%	-145.6%
XPRO	12.2%	5.6%	6.6%	528.4%
PUMP	15.0%	-0.9%	16.0%	-1,429.8%
Industry median	13.2%	7.9%	5.8%	183.2%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WOR	5.4%	4.7%	0.7%	175.7%
PDN	-15.3%	-30.7%	22.2%	91.5%
VEA	2.5%	0.5%	2.0%	-167.0%
BPT	43.6%	13.5%	30.1%	-790.3%
WHC	11.8%	5.4%	6.4%	89.9%
NHC	27.6%	11.3%	16.3%	286.2%
Industry median	13.2%	7.9%	5.8%	183.2%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.