Perenti secures more than AUD 200 million: analysts target Perenti stock at AUD 2.80

Published on 10/13/2026 at 07:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 EBITA hit AUD 340.00 million as revenue fell 1.00 percent. For Perenti stock, AUD 0.045 per share is payable October 28, 2026.

Key points in brief

Perenti secured more than AUD 200.00 million in drilling and underground mining contracts on September 29, 2026.
The awards include AUD 185.00 million of FY27 drilling revenue and an initial AUD 20.00 million Senegal phase.
FY26 underlying EBITA reached AUD 340.00 million while revenue fell 1.00 percent to AUD 3.46 billion.
Five analysts had an average 12-month target of AUD 2.80, while the next dividend is AUD 0.045 per share.

Perenti, AU0000061897, Illustration mit AI erstellt.

Perenti Limited (AU0000061897) had secured more than AUD 200.00 million in drilling and underground mining contracts on September 29, 2026, while five analysts listed an average 12-month target of AUD 2.80 for Perenti stock. Orecast reported that the awards included AUD 185.00 million of expected FY27 drilling revenue and an initial AUD 20.00 million underground phase in Senegal.

Three dated developments shape Perenti

On August 23, 2026, the company reinstated an on-market buyback of up to 84,500,000 shares, according to Discovery Alert. The same source reported FY26 underlying EBITA of AUD 340.00 million and revenue of AUD 3.46 billion, with revenue down 1.00 percent from AUD 3.49 billion in FY25.

On September 21, 2026, Discovery Alert said Perenti had guided to FY27 EBITA of AUD 335.00 million to AUD 355.00 million and disclosed a tender pipeline of AUD 20.00 billion. On September 29, 2026, Orecast reported the new contract package, including the conditional second phase of the Senegal project.

What does the contract win mean for FY27?

The AUD 185.00 million drilling component is expected to flow through FY27, giving the company additional revenue visibility against its AUD 335.00 million to AUD 355.00 million EBITA guidance range. The Senegal award is more limited in certainty because the initial AUD 20.00 million phase is confirmed, while the production phase depends on a notice to proceed.

The earnings backdrop is mixed in a useful way. Perenti's FY26 revenue declined 1.00 percent to AUD 3.46 billion, yet underlying EBITA rose to AUD 340.00 million and the margin reached 9.80 percent, according to Discovery Alert. That combination points to improved profitability from contract selection rather than growth driven only by higher volume.

Dividend date meets a lower market quote

Simply Wall St reported on October 8, 2026 that Perenti's AUD 0.045 per-share dividend is payable on October 28, 2026. The payment follows a full-year dividend of AUD 0.077 per share, according to the same report.

Perenti was last quoted at AUD 2.13 on the ASX on October 13, 2026 at 3:46 p.m. AEDT. Its market capitalization was AUD 2.0 billion, and the 52-week range was AUD 1.78 to AUD 3.12, both as of October 13, 2026.