Perenti has delivered record 2023 financial year (FY23) results due to strong revenue and underlying earnings.
The mining services company recorded underlying earnings before interest, taxes, and amortisation (EBITA) of $264.1 million, at the top end of its revised FY23 guidance range. It also achieved a record underlying revenue of approximately $2.8 billion within guidance.
Other highlights from the report included the company’s serious potential incident frequency rate standing at 2.7 and its total recordable injury frequency rate of 5.4.
Through its fourth annual sustainability report, the company introduced five new targets in FY23. These included:
- no life changing events
- 40 per cent female representation on the executive and board by 2030
- 33 per cent female representation across its global workforce by 2033
- 40 per cent female representation across senior leadership roles by 2033
- net-zero Scope 1 and 2 emissions by FY30 with a 40 per cent reduction in Scope 1 and 2 emissions by the end of FY26.
In late June, Perenti entered into a binding scheme implementation agreement with DDH1 involving Perenti acquiring 100 per cent of DDH1 shares. It is expected that the scheme will be finalised in early October of this year.
“Perenti continues to go from strength to strength, as the foundations we have laid with our 2025 strategy allow us to deliver excellent operational performance, strong client relationships, and disciplined commercial and capital management,” Perenti chief executive officer Mark Norwell said.
“Perenti is focused on supporting sustainable mining, with our investment in developing mines for the future, and our focus on reducing our own emissions. Perenti has a strong track record of delivering value and certainty for all of its stakeholders.
“As we look to the future, our proposed acquisition of DDH1 will complement and enhance the Perenti business and further cement our diversified global value proposition.”