Australia's Worley slides up to 5% after flagging MidEast war impact

Worley

20/04/2026 01:52

** Worley WOR.AX tumbles as much as ~5% to A$11.23, marking its steepest intraday fall since March 9 and sliding to a two‑and‑a‑half‑week low

** Stock third‑worst performer on benchmark ASX200 index .AXJO, which is down 0.5%

** Engineering firm says the Middle East conflict could cut FY26 underlying EBITA by A$30 million to A$40 million ($21.44 million to $28.58 million)

** Co now deems growth in underlying EBITA next year unlikely

** Says there has been no project cancellation so far, but flags that customers are delaying kick-off and awarding new work

** YTD, WOR down 10.2% vs AXJO's gain of 2.2%

($1 = 1.3996 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))