Downer EDI Ltd (DNERF) reported that trading in the first four-and-a-half months of fiscal year 2026 has been in line with expectations, and the company's outlook for the full financial year remains unchanged.
The dividend payout ratio range has been increased to 60-70% of underlying net profit after tax, up from the previous 50-60%, with a continued focus on delivering fully franked dividends. A final dividend of 14.1 cents per share, fully franked, reflects a payout ratio of 65%. This brings total FY25 dividends to 24.9 cents per share—an increase of 46.5% year-over-year—representing a full-year payout ratio of 63%.
In its fiscal year 2025 results presentation held in August, the company reaffirmed its fiscal year 2026 targets, which include improvements in both underlying earnings and EBITA margin. Underlying revenue for the year is forecast to be flat to slightly lower compared to fiscal year 2025 pro forma revenue.
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