Downer EDI reports 4.7% increase in half-year profit

Downer EDI has reported a 4.7% increase in statutory net profit after tax (NPAT) for the first half of the 2025 financial year.

The company's pro forma net profit after tax (NPATA) was up 70%.

Pro forma ebitda increased by 37.1%, while the pro forma ebitda margin improved to 3.7%.

The company achieved cumulative annualised gross cost out of $180 million, exceeding its transformation targets.

Downer also reported a normalised cash conversion of 94.2% and a reduction in net debt to ebitda ratio to 1.3 times.

The company's pro forma revenue decreased by 5.2% to $5.5 billion, and its work-in-hand dropped 2.9% to $37.4 billion.

Downer declared an interim dividend of 10.8 cents per share, 75% franked.