ASX:DOWCommercial Services
Why Downer EDI (ASX:DOW) Is Down 10.5% After Profits Rose On Lower Revenue And New Contracts
Downer EDI Limited has reported its FY26 results, with revenue easing to A$9,744.8 million but net income rising to A$216.5 million, alongside announcing more than A$900 million in multi‑year water and power contract renewals and extensions across Australia and New Zealand.
The combination of higher earnings despite lower sales and long-term utility and infrastructure contracts suggests the business mix is shifting toward more profitable, contracted work.
We’ll now examine how stronger...